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27 September 06:39

H&M shares fell 8% after the fashion retailer reported a below-expectations operating profit.

Gabriel Neagu

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Economy

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H&M reported a below-expectations operating profit for its fiscal third quarter. The result also prompted the company to abandon its earnings margin target. Analysts at LSEG had anticipated an operating profit of SEK 4.93 billion, but the result was only SEK 3.51 billion.

Sources

H&M, al doilea cel mai mare retailer de modă din lume, a ratat previziunea privind profitul. Acțiunile companiei au scăzut joi cu 8%

Declin de până la 8% al acţiunilor H&M, joi, din cauza ratării previziunii referitoare la profit şi renunţarea la ţinta marjei de câştig

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Economy

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H&M actions adjusted operating profit

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