These Analysts Increase Their Forecasts On Amer Sports After Upbeat Q2 Results

Amer Sports, Inc. (NYSE:AS) posted better-than-expected earnings for the second quarter on Tuesday.

The company reported second-quarter adjusted earnings per share of 6 cents, beating the analyst consensus estimate of 3 cents. Quarterly sales of $1.24 billion (+23% year over year) outpaced the Street view of $1.18 billion.

"The inflection of Salomon footwear adds a strong second leg of growth to Arc'teryx's already exceptional sales and margin trajectory, significantly elevating the long-term value creation potential of our portfolio of premium sports ...