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Adidas Posts Upbeat Q3 Profit

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Adidas AG (OTC: ADDYY) reported a better-than-expected third-quarter net profit.

Adidas' quarterly net profit surged 14% y/y to EUR344 million, beating analysts' estimates of EUR332 million.

Its sales rose 11% to EUR4.17 billion, while operating profit climbed 12% to EUR494 million.

Adidas' earnings per share climbed 14% to EUR1.64, versus analysts' estimates of EUR1.59.

Adidas shares closed at $41.82 yesterday.

Posted-In: profitEarnings News

 

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