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Adidas Lowers 2013 Outlook

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Adidas AG (OTC: ADDYY) cut its full-year forecast.

Adidas now expects 2013 net profit of 820 million euros ($1.11 billion) to EUR850 million, versus its previous outlook of EUR890 million to EUR920 million.

Adidas shares closed at $52.95 yesterday.

Posted-In: profitNews Guidance

 

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