Earnings

Amer Sports (AS) earnings Q4 2023

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Shares of Amer Sports, the maker of Wilson tennis rackets and Lousiville Slugger baseball bats, fell on Tuesday after the company reported strong sales in China but a slowdown in wholesale orders.

Here’s how the newly public athletic company did in its fourth quarter. CNBC didn’t compare the results to Wall Street estimates because it’s the first earnings report since Amer Sports went public.

  • Loss per share: 25 cents
  • Revenue: $1.32 billion

In the three months ended Dec. 31, the company reported a net loss of $94.9 million, or 25 cents per share, compared with $148.3 million, or 39 cents per share, a year earlier. 

Sales rose to $1.32 billion, up about 10% from $1.2 billion a year…



Source cnbc.com

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