welcome
The Motley Fool

The Motley Fool

Business

Business & Economics

Why Amer Sports Rocketed Higher Today

The Motley Fool
Summary
Nutrition label

80% Informative

Shares of Amer Sports (NYSE: AS) rocketed 18.1% higher on Tuesday , as of 2:18 p.m. ET.

Amer increased revenue by 23% to $1.47 billion , with adjusted (non-IFRS) earnings per share nearly tripling to $ 0.27 .

The company also raised full-year guidance to 16% revenue growth at the midpoint.

Amer was actually founded as an industrial company in 1950 in Finland , but has transformed itself to a global sports equipment giant.