Richemont's Results Could Trigger Strong Share Price Reaction -- Market Talk

Dow Jones

2025/01/16

0744 GMT - Richemont's strong revenue beat across all regions, channels and divisions should support its shares and the broader luxury sector, Citi analysts Thomas Chauvet and Mahesh Mohankumar write in a note. The Swiss luxury group booked sales of 6.15 billion euros for its fiscal third quarter ended Dec. 31, up 10% compared with the year-earlier period and ahead of consensus estimates. "We see Richemont as a fundamentally stronger business than during prior industry downturns," they say. Citi expects a strong share price reaction for both the company and the industry. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

January 16, 2025 02:44 ET (07:44 GMT)

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The Swiss luxury group booked sales of 6.15 billion euros for its fiscal third quarter ended Dec. 31, up 10% compared with the year-earlier period and ahead of consensus estimates. \"We see Richemont as a fundamentally stronger business than during prior industry downturns,\" they say. Citi expects a strong share price reaction for both the company and the industry. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. 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The Swiss luxury group booked sales of 6.15 billion euros for its fiscal third quarter ended Dec. 31, up 10% compared with the year-earlier period and ahead of consensus estimates. \"We see Richemont as a fundamentally stronger business than during prior industry downturns,\" they say. Citi expects a strong share price reaction for both the company and the industry. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 02:44 ET (07:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFRUY","symbol_name":"历峯集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503956940","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503956940","pubTimestamp":1737013440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0744 GMT - Richemont's strong revenue beat across all regions, channels and divisions should support its shares and the broader luxury sector, Citi analysts Thomas Chauvet and Mahesh Mohankumar write in a note. 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The Swiss luxury group booked sales of 6.15 billion euros for its fiscal third quarter ended Dec. 31, up 10% compared with the year-earlier period and ahead of consensus estimates. \"We see Richemont as a fundamentally stronger business than during prior industry downturns,\" they say. Citi expects a strong share price reaction for both the company and the industry. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 16, 2025 02:44 ET (07:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}