11:56 AM EDT, 08/29/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Birkenstock Holding ( BIRK ) shares fell over 14% in recent trading Thursday after the company's fiscal Q3 adjusted earnings and revenue missed consensus forecasts.

The company reported fiscal Q3 adjusted earnings Thursday of 0.49 euros ($0.54) per diluted share, up from 0.44 euros a year earlier.

Analysts surveyed by Capital IQ expected 0.52 euros.

Revenue for the quarter ended June 30 was 564.8 million euros, compared with 473.2 million euros a year earlier.

Analysts polled by Capital IQ expected 567.8 million euros.

The company reiterated its fiscal 2024 guidance for revenue growth of about 19% on a reported basis and 20% on a constant currency basis.

Price: 51.81, Change: -8.89, Percent Change: -14.65