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Alfred Gray
@alfredgray · Jul 25

LVMH Shares Fall

- Share drop:

- Shares of LVMH $MC.PA fell more than 4% at the market open on Wednesday.

- Reason for the drop:

- The company reported second-quarter revenue growth that fell short of expectations.

- Revenue rose 1% to 20.98 billion euros ($22.76 billion), while analysts had forecast 21.6 billion euros.

- Impact on other luxury companies:

- Other luxury stocks were negatively impacted by the result.

- Shares in Hermes and Kering declined by around 3%.

WI
Wise investor @wise_investor Jul 26

I bought a few pieces yesterday too, we're getting some really interesting prices.

AG
Alfred Gray @alfredgray Jul 27

it would be a shame not to take advantage :)

BC
Bill Combs @billcombs Jul 25

Thanks for the info. I'll probably buy $MC.PA again.

AG
Alfred Gray @alfredgray Jul 26

Perfect time to join, I took advantage of it right away.

AA
Ashraf Aboudar @ashraf_dd Jul 25

It's getting to be very interesting. I'll take a closer look at this company and if I buy, I'll let you know.

AG
Alfred Gray @alfredgray Jul 26

I already used it, be sure to let me know, I'll be only too happy :)