Adidas Posts 4.1% Rise In Q2 Profit, Lowers Sales View

Adidas AG ADDYY reported a 4.1% rise in its second-quarter net profit and cut its sales forecast. Adidas's quarterly sales dropped 3.8% to EUR3.38 billion, while net profit rose 4.1% to EUR172 million. Adidas shares closed at $57.23 yesterday.