Amer Sports, Inc. (AS) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $138.1 million, or $0.24 per share. This compares with $6.9 million, or $0.01 per share, last year.
Excluding items, Amer Sports, Inc. reported adjusted earnings of $148.1 million or $0.27 per share for the period.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.5% to $1.472 billion from $1.192 billion last year.
Amer Sports, Inc. earnings at a glance (GAAP) :
-Earnings: $138.1 Mln. vs. $6.9 Mln. last year.-EPS: $0.24 vs. $0.01 last year.-Revenue: $1.472 Bln vs. $1.192 Bln last year.
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