BERLIN (AP) ? Sportswear maker Adidas is reporting a nearly 18 percent increase in second-quarter earnings and is raising its full-year forecast ? citing growth in emerging markets and the impact of major events such as football's European Championship and the Olympics.
Adidas AG said Thursday that its net earnings totaled ?165 million ($203 million) in the April-June period, up from ?140 million a year earlier. The company's revenue was up to ?3.52 billion from ?3.06 billion ? an increase of nearly 15 percent.
The company says it is now targeting an increase in full-year net earnings of between 15 and 17 percent. That compares with its previous forecast of a range between 12 and 17 percent.
Source: http://news.yahoo.com/adidas-2nd-quarter-earnings-18-percent-062701548--finance.html
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