ADIDAS Q2 NET FORECAST TO RISE 21 PER CENT.
AUGUST 2, 1999 - VOL 16, NO 30
ADIDAS Q2 NET FORECAST TO RISE 21 PER CENT.
The pronouncement last week, on target with the consensus estimate of analysts who follow the stock, came days before the scheduled release of earnings Aug. 2. However, analysts now expect the company to achieve 10 per cent earnings growth rate for the year because of softness in the U.S. market and the ongoing integration of Salomon. This is slightly below the original 10-15 per cent target. The pre-announcement of results followed earlier market concerns that sent Adidas-Salomon AG shares down to €87.3 over worries that ... Log in to view full article.