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Adidas 2nd-quarter earnings up 18 percent
Adidas reports 18 percent rise in 2nd-quarter earnings, raises full-year outlook
By The Associated Press

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.

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