Shares of Wilson tennis racket maker Amer Sports drop nearly 10% after first earnings report
Publishing timestamp: 2024-03-05 12:38:40
Summary
Amer Sports, maker of Wilson tennis rackets and Louisville Slugger baseball bats, reported narrowed losses in the fourth quarter driven by strong sales in China. The company's shares fell after the report due to a slowdown in wholesale orders. Amer's CEO remains optimistic about the company's growth potential, especially in China, despite challenges in other regions.
Sentiment: MIXED
Keywords: business, business news, breaking news: business, retail industry, foot locker inc, amer sports inc, china, breaking news: earnings, earnings,
Source: https://www.cnbc.com/2024/03/05/amer-sports-as-earnings-q4-2023.html