Adidas Slides Record 17% After Q2 Profit Miss Overshadows Sales Upgrade
businesscompany-earningsstocks 3 posts · 3 accounts
Adidas shares fell a record 17% after the company reported a second-quarter profit miss that disappointed investors.
The earnings shortfall overshadowed a recent upgrade to sales forecasts, highlighting a mismatch between improved top-line guidance and weaker profitability.
From the sources (3 posts)
@arjourdanAdidas shares slide record 17% as profit miss taints sales upgrade
@zerohedgeADIDAS SHARES FALL 16% AFTER 2Q EARNINGS MISS ESTIMATES
@firstsquawkADIDAS SHARES FALL 16% AFTER Q2 EARNINGS MISS ESTIMATES