By  on November 4, 2010

PARIS — Adidas AG raised its earnings forecast for the third time this year after posting a 25 percent rise in third-quarter profit, but the company kept its margin outlook unchanged.

On Thursday, the world’s second-largest sporting goods company said earnings per share (EPS) in 2010 should increase to between 2.68 and 2.70 euros, or $3.76 to $3.79 at current exchange, representing a 5 percent increase from the previous forecast. And in its first forecast for 2011, Adidas said EPS should increase by 10 to 15 percent next year.

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