US Stock Market Move | Protoavis, Solomon's drive performance exceeds expectations, Amphenol Corp (AS.US) up more than 4.7% in sports.

On Tuesday, shares of Amer Sports (AS.US) rose, with the stock up more than 4.7% to $32.23, as of the time of writing. The company's quarterly performance exceeded expectations, leading to an upward revision of its full-year performance outlook. Thanks to double-digit growth in all product lines, as well as significant growth in the Chinese and Asia-Pacific markets, Amer Sports' combined net sales increased by 30.4% to $1.76 billion, surpassing expectations. Within its business segments, the outdoor sports equipment business performed exceptionally well, with a sales increase of 36%, driven mainly by strong performance of its Salomon footwear products. Sales in the technical clothing business grew by 31%, once again benefiting from the "outstanding performance" of the company's Arc'teryx outdoor clothing and equipment series. In addition to significant revenue growth, the company's profitability also improved, with adjusted earnings per share more than doubling to $0.33, exceeding expectations by $0.08 per share. The adjusted gross margin expanded by 240 basis points to 57.9%. Amer Sports CFO Andrew Page, when discussing the financial guidance for the 2025 fiscal year, stated, "Looking ahead, we expect the group's revenue growth in 2026 to reach the high end of the long-term growth algorithm, achieving annual sales growth of double digits to teens. At the same time, we expect the adjusted operating profit margin to also achieve the target of 30-70 basis points of annual growth set by the long-term growth algorithm." The company currently expects revenue growth of 23%-24%, higher than the previous forecast of 20%-21%. This new expectation implies revenue of $6.37 billion to $6.42 billion, exceeding the previous forecast of $6.39 billion. Earnings are expected to be $0.88 to $0.92 per share, higher than the previous forecast of $0.77 to $0.82, and also higher than the market's general expectation of $0.86 per share.