Investing.com - Hermes International (PA:HRMS) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Hermes International announced earnings per share of €3.2 on revenue of €982.5M. Analysts polled by Investing.com anticipated EPS of €7.96 on revenue of €980M.
Hermes International shares are down 48% from the beginning of the year and are trading at €711.00 , down-from-52-week-high.They are under-performing the CAC 40 which is down 18.82% from the start of the year.
Hermes International follows other major Consumer Cyclical sector earnings this month
Hermes International's report follows an earnings missed by Louis Vuitton on Sunday, who reported EPS of €1.04 on revenue of €7.8B, compared to forecasts EPS of €7.82 on revenue of €7.61B.
Peugeot had missed expectations on Tuesday with second quarter EPS of €0.63 on revenue of €9.94B, compared to forecast for EPS of €0.93 on revenue of €9.97B.
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