0937 GMT - Adidas could have upgrades to consensus estimates after it reported preliminary 4Q results significantly above market expectations, Stifel analysts Cedric Lecasble and Cedric Norest write in a note. The German sporting-goods company swung to an operating profit of 57 million euros compared with an operating loss of 377 million euros in the year-earlier period. Sales grew 19% on a currency-neutral basis to around 5.97 billion euros. Consensus already expected a strong 2025, the analysts say. Despite recent dollar strength--which is a profit headwind in this industry--consensus is likely to revise earnings upward, they say. Shares rise 6.3% to 258.80 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 04:37 ET (09:37 GMT)
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