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Amer Sports Swings to Q4 Adjusted Net Loss, Revenue Rises; Issues Q1, 2024 Outlook
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Amer Sports Swings to Q4 Adjusted Net Loss, Revenue Rises; Issues Q1, 2024 Outlook
Mar 5, 2024 4:48 AM

07:36 AM EST, 03/05/2024 (MT Newswires) -- Amer Sports ( AS ) reported a Q4 adjusted net loss Tuesday of $0.11 per diluted share, swinging from adjusted earnings of $0.12 per diluted share a year earlier.

Revenue for the quarter ended Dec. 31 was $1.32 billion, up from $1.20 billion a year earlier.

For Q1 ending March 31, the company said it expects a diluted loss of $0.01 per share to diluted EPS of $0.02. Revenue for the quarter is expected to grow by 6% to 8%.

For full-year 2024, Amer Sports ( AS ) said it expects diluted EPS in the range of $0.30 to $0.40. Revenue for the year is expected to grow in the mid-teens.

Capital IQ estimates weren't available for comparison.

Shares of the company were down 2.2% in recent Tuesday premarket activity.

Price: 16.96, Change: -0.38, Percent Change: -2.19

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