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Amer Sports Surges on Strong Q3 Results as Markets Tumble

MarketDash Editorial Team
20 days ago
While the Dow dropped over 500 points Tuesday, several stocks bucked the downtrend. Amer Sports led the charge with a 6.5% jump after crushing earnings expectations, while Olema Pharmaceuticals more than doubled on positive drug trial news.

It was a rough day for the broader market on Tuesday, with the Dow Jones plunging more than 500 points. But a handful of stocks managed to ignore the gloom and post impressive gains.

Leading the pack was Amer Sports, Inc. (AS), which jumped after delivering third-quarter results that blew past Wall Street's expectations. The company reported adjusted earnings of 33 cents per share, comfortably ahead of the 25-cent consensus estimate. Revenue came in at $1.756 billion, marking a solid 30% increase year-over-year and topping the Street's forecast of $1.710 billion. The strong performance prompted management to raise its full-year 2025 guidance above analyst estimates.

Shares of Amer Sports rallied 6.5% to $32.78 during Tuesday's session.

Other Notable Movers

Several other stocks delivered eye-catching performances despite the market's negative backdrop:

Olema Pharmaceuticals, Inc. (OLMA) absolutely exploded, soaring 123% to $19.01. The surge came after Roche's lidERA Phase 3 trial demonstrated superiority over aromatase inhibitors in treating early-stage breast cancer, essentially validating the entire SERD drug class and significantly reducing development risk for Olema's pipeline.

Ferroglobe PLC (GSM) climbed 17.1% to $4.4050, while Arvinas, Inc. (ARVN) advanced 15.8% to $12.79.

Diginex Limited (DGNX) gained 15.2% to $15.65 after announcing a strategic partnership with EVIDENT Group to integrate its daata capabilities into EVIDENT's platform.

Alumis Inc. (ALMS) rose 8% to $6.02, while Fox Factory Holding Corp. (FOXF) added 7.9% to $14.26.

James Hardie Industries plc (JHX) climbed 7% to $17.89 following better-than-expected second-quarter results. The company also announced Ryan Lada as its new CFO.

Ardent Health, Inc. (ARDT) gained 7% to $8.86 after unveiling a $50 million share repurchase program authorization.

Cogent Communications Holdings, Inc. (CCOI) surged 6.6% to $19.74 on news that the company plans to resume its stock buyback program.

Ondas Holdings Inc. (ONDS) rose 3.3% to $6.46 after completing its previously announced acquisition of Sentry CS Ltd.

Back to News

Amer Sports Surges on Strong Q3 Results as Markets Tumble

MarketDash Editorial Team
20 days ago
While the Dow dropped over 500 points Tuesday, several stocks bucked the downtrend. Amer Sports led the charge with a 6.5% jump after crushing earnings expectations, while Olema Pharmaceuticals more than doubled on positive drug trial news.

It was a rough day for the broader market on Tuesday, with the Dow Jones plunging more than 500 points. But a handful of stocks managed to ignore the gloom and post impressive gains.

Leading the pack was Amer Sports, Inc. (AS), which jumped after delivering third-quarter results that blew past Wall Street's expectations. The company reported adjusted earnings of 33 cents per share, comfortably ahead of the 25-cent consensus estimate. Revenue came in at $1.756 billion, marking a solid 30% increase year-over-year and topping the Street's forecast of $1.710 billion. The strong performance prompted management to raise its full-year 2025 guidance above analyst estimates.

Shares of Amer Sports rallied 6.5% to $32.78 during Tuesday's session.

Other Notable Movers

Several other stocks delivered eye-catching performances despite the market's negative backdrop:

Olema Pharmaceuticals, Inc. (OLMA) absolutely exploded, soaring 123% to $19.01. The surge came after Roche's lidERA Phase 3 trial demonstrated superiority over aromatase inhibitors in treating early-stage breast cancer, essentially validating the entire SERD drug class and significantly reducing development risk for Olema's pipeline.

Ferroglobe PLC (GSM) climbed 17.1% to $4.4050, while Arvinas, Inc. (ARVN) advanced 15.8% to $12.79.

Diginex Limited (DGNX) gained 15.2% to $15.65 after announcing a strategic partnership with EVIDENT Group to integrate its daata capabilities into EVIDENT's platform.

Alumis Inc. (ALMS) rose 8% to $6.02, while Fox Factory Holding Corp. (FOXF) added 7.9% to $14.26.

James Hardie Industries plc (JHX) climbed 7% to $17.89 following better-than-expected second-quarter results. The company also announced Ryan Lada as its new CFO.

Ardent Health, Inc. (ARDT) gained 7% to $8.86 after unveiling a $50 million share repurchase program authorization.

Cogent Communications Holdings, Inc. (CCOI) surged 6.6% to $19.74 on news that the company plans to resume its stock buyback program.

Ondas Holdings Inc. (ONDS) rose 3.3% to $6.46 after completing its previously announced acquisition of Sentry CS Ltd.