12:19 PM EDT, 08/20/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph)

Amer Sports ( AS ) shares rose 12% in recent Tuesday trading after the company posted a surprise Q2 profit.

Adjusted earnings in the quarter ended June 30 were $0.05 per diluted share, compared with the loss of $0.22 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.06.

Revenue rose to $993.8 million from $856.8 million a year earlier.

Analysts surveyed by Capital IQ expected $948.3 million.

The company expects Q3 diluted EPS of $0.08 to $0.10 on revenue growth of 12% to 13%. Analysts surveyed by Capital IQ expect EPS of $0.13 on revenue of $1.30 billion.

The company expects full-year diluted EPS of $0.40 to $0.44, compared with the high end of $0.30 to $0.40 previously. Analysts polled by Capital IQ expect $0.36. Revenue is expected to grow 15% to 17%, compared with the prior mid-teens outlook. Analysts surveyed by Capital IQ expect $5.01 billion.

Price: 13.85, Change: +1.50, Percent Change: +12.15