Adidas Earnings, Revenue beat In Q1

  • Investing.com
Adidas Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Adidas (ETR: ADSGN ) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Adidas announced earnings per share of €1.6 on revenue of €5.3B. Analysts polled by Investing.com anticipated EPS of €1.5 on revenue of €5.2B.

Adidas shares are down 29% from the beginning of the year and are trading at €179.22 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 14.94% from the start of the year.

Adidas shares lost 4.78% in intra-day trade the report.

Adidas follows other major Consumer Discretionary sector earnings this month

Adidas's report follows an earnings beat by Volkswagen ST on Wednesday, who reported EPS of €13.05 on revenue of €62.74B, compared to forecasts EPS of €8.58 on revenue of €61.55B.

Volkswagen VZO had beat expectations on Wednesday with first quarter EPS of €13.05 on revenue of €62.74B, compared to forecast for EPS of €8.58 on revenue of €61.55B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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