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Amer Sports Down 8% After Q1 Results - What's Going On?
Amer Sports, Inc. (NYSE:AS) shares are trading lower after the company reported first-quarter results.
The company reported first-quarter adjusted earnings per share of 8 cents, beating the analyst consensus of 3 cents.
Quarterly revenues of $1.183 billion beat the street view of $1.131 billion.
Revenue increased 13% year over year, led by a 44% increase in the Technical Apparel segment. Amer Sports said that Technical Apparel growth was driven by Arc’teryx, which is generating double-digit new store growth while also delivering exceptional omni-comp growth against difficult ...