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