LVMH 3Q Revenue Rose, Beating Analyst Estimates

Date : 10/10/2019 @ 03:36
Source : Dow Jones News
Stock : Lvmh-moet Hennessy Louis Vuitton (PC) (LVMUY)
Quote : 83.77  0.26 (0.31%) @ 07:14
Lvmh-moet Hennessy Louis Vuitton (PC) share price Chart

LVMH 3Q Revenue Rose, Beating Analyst Estimates

Lvmh Moet Hennessy Vuitton (EU:MC)
Historical Stock Chart

1 Month : From Sep 2019 to Oct 2019

Click Here for more Lvmh Moet Hennessy Vuitton Charts.
   By Cristina Roca 
 

Luxury-goods giant LVMH Moet Hennessy Louis Vuitton SE (MC.FR) on Wednesday beat analysts' expectations for its third-quarter revenue despite toughening conditions for luxury players.

The French conglomerate posted revenue of 13.32 billion euros ($14.61 billion) for the quarter, rising from EUR11.38 billion the year previous and beating analysts' expectations of EUR12.81 billion, according to a consensus estimate provided by FactSet.

Revenue grew organically by 11%, LVMH said,

LVMH, which owns the Louis Vuitton, Dior, Bulgari and Hennessy brands, said its Asian businesses made good progress despite the disruption caused by protests in Hong Kong.

Fashion and leather goods remained the group's fastest-growing division, growing organically by 19% in the quarter.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

October 09, 2019 12:21 ET (16:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20191021 21:20:06