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%.
I bought a few pieces yesterday too, we're getting some really interesting prices.
Thanks for the info. I'll probably buy $MC.PA again.
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.