Adidas Q3 Net Profit Drops 8.1%

Adidas AG (OTC: ADDYY ) posted an 8.1% drop in its third-quarter net profit. Adidas posted its quarterly net profit at 316 million euros ($427 million). Its sales fell 7% to EUR3.88 billion. Adidas shares gained 0.30% to close at $56.50 yesterday.(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All