Investing.com - Adidas (ETR:ADSGN) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Adidas announced earnings per share of €1.8 on revenue of €5.6B. Analysts polled by Investing.com anticipated EPS of €1.84 on revenue of €5.61B.
Adidas shares are down 32% from the beginning of the year and are trading at €171.00 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.15% from the start of the year.
Adidas shares lost 100.00% in pre-market trade the report.
Adidas follows other major Consumer Discretionary sector earnings this month
Adidas's report follows an earnings beat by Volkswagen ST on July 28, who reported EPS of €7.46 on revenue of €69.54B, compared to forecasts EPS of €4.19 on revenue of €64.98B.
Volkswagen VZO had beat expectations on July 28 with second quarter EPS of €7.46 on revenue of €69.54B, compared to forecast for EPS of €4.19 on revenue of €64.98B.
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