Investing.com - Adidas (DE:ADSGN) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Adidas announced earnings per share of €0.58 on revenue of €5.14B. Analysts polled by Investing.com anticipated EPS of €0.2928 on revenue of €5.18B.
Adidas shares are down 20% from the beginning of the year and are trading at €201.38 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 14.78% from the start of the year.
Adidas shares gained 8.89% in intra-day trade the report.
Adidas follows other major Consumer Discretionary sector earnings this month
Adidas's report follows an earnings beat by Daimler on Thursday, February 24, 2022, who reported EPS of €11.82 on revenue of €43.39B, compared to forecasts EPS of €3 on revenue of €43.86B.
Zalando SE had missed expectations on Sunday, February 27, 2022 with fourth quarter EPS of €0.33 on revenue of €3.1B, compared to forecast for EPS of €0.3827 on revenue of €3.07B.
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