Amer Sports Reports Strong Q3 Performance, Raises Guidance

Amer Sports, Inc. (AS) has released an update.

Amer Sports Inc. reported a robust third quarter in 2024, with a 17% increase in revenue to $1,354 million, surpassing expectations in sales, margins, and earnings. The company’s standout performance was led by Arc’teryx and the Ball & Racquet segment, contributing to a significant rise in net income by 257% to $56 million. With continued strong growth across various regions and segments, Amer Sports has raised its full-year sales and earnings guidance.

For further insights into AS stock, check out TipRanks’ Stock Analysis page.