BUZZ-HK shares of Fast Retailing hit 7-week low on Q1 profit miss

Reuters

01-10

BUZZ-HK shares of Fast Retailing hit 7-week low on Q1 profit miss

** HK shares of Fast Retailing 6288.HK fall 4.4% to HK$23.70, lowest since Nov. 19, 2024

** Stock set for biggest one-day pct decline since Nov. 1, 2024

** Uniqlo brand operator's Q1 results trail analysts' estimates as a sharp decline in profit in China overshadowed strong sales in its home market of Japan

** Co's operating profit rises 7.4% y/y to 157.6 bln yen ($996.8 mln) in the November quarter, slightly below LSEG consensus forecast of 160 bln yen

** Stock set for second straight week of losses

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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