05-03-2024 14:30 via rocketnews.com

Amer Sports’ stock falls 6% on wider-than-expected Q4 loss

Shares of Amer Sports Inc. fell 6% in premarket trades Tuesday after the Finnish sportswear company reported its first quarterly results since its February IPO. The company, which includes the Arc’teryx, Salomon and Wilson brands, reported better-than-expected fourth-quarter revenue, boosted by China, and a wider-than-expected loss. Amer Sports AS, -1.81%reported a fourth-quarter net loss of $94 million, or a loss of 25 cents a share, compared with a loss of $148 million, or a loss of
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