Adidas decided to part ways with West after he made antisemitic comments.
The company said in a press release on Wednesday that net income for the year would be about 250 million euros, less than the 500 million it said on October 20.
The reduction was due to negative tax implications in the third quarter related to the company's decision to end the adidas Yeezy partnership.
Europe's biggest sportswear company had predicted a 250 million hit by the end of the Yeezy partnership.
Adidas' operating margin fell from 4% to 2.5% after it lost the Yeezy brand. Consumer demand in Western markets slowed and traffic trends in Greater China deteriorated.
Since the beginning of the year, shares in Adidas have lost more than half their value.
The company said on Tuesday that Bjorn Gulden would be its new CEO in January.
He will take over from Rorsted, who left in August.
West lost a number of business deals after he was locked out of his account on the social networking site. A documentary about Ye was scrapped after he was dropped by his agency.
West wanted a facility to be set up in Wyoming as part of his deal with Adidas. Several employees were relocated before the business closed.
Adidas executives took just two minutes to cut ties, having initially delayed a decision to get legal opinions from US law firms. According to NBC News, West paid a settlement to a former employee who claimed the rapper praised Hitler.
Adidas refused to speak to Insider.
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