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Adidas not giving up
03.08.2012 2304

Adidas not giving up

German sporting goods manufacturer Adidas raised its forecast for annual earnings after a second-quarter report thanks to sponsorship deals at Euro-2012 and the Summer Olympics in London.

Only Nike in its segment announced that it now expects earnings of 3,68-3,75 euros ($ 4,53- $ 4,61) per share. The previous forecast was at the level of 3,58-3,75 euros, retailer.ru reports.

Nike sales in the second quarter amounted to 3,517 billion euros, operating profit - 256 million euros, being better than experts expected. Analysts polled by Reuters suggested that operating profit would reach 243 million euros and sales would amount to 3,496 billion euros

German sporting goods manufacturer Adidas raised its forecast for annual earnings after a second-quarter report thanks to sponsorship deals at Euro-2012 and the Summer Olympics in London. Yielding ...
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