Oct. 25 (Bloomberg) -- Puma, Europe’s second-largest sporting-goods maker, reiterated its targets for the year after reporting third-quarter profit that beat estimates.
Net income was little changed at 81.7 million euros, the Herzogenaurach, Germany-based company said today in a statement, exceeding the 76.8 million-euro average estimate of five analysts compiled by Bloomberg. Sales climbed 10 percent excluding currency shifts or 7.3 percent in euro terms.
Puma continues to forecast sales of 3 billion euros for the year and growth of “mid single-digits” in net earnings.
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