BUZZ-Amer Sports down after annual forecasts largely miss expectations

Reuters
02-25
BUZZ-Amer Sports down after annual forecasts largely miss expectations

** Shares of Amer Sports AS.N fall ~3% to $27.60 premarket

** Co forecasts annual revenue growth between 13% and 15%, the midpoint of which falls below analysts' expectations of a 14.9% growth - data compiled by LSEG

** Says revenue forecast assumes drag from unfavorable currency exchange impact

** Annual EPS expectations of between 64 cents and 69 cents also largely below estimate of 68 cents

** Q4 revenue, which rose 23% to $1.64 billion, narrowly beat estimate of $1.60 billion, while adjusted EPS of 17 cents was in line with expectations

** As of last close, AS has risen 120% since its February 2024 IPO

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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