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MC Lvmh Moet Hennessy Louis Vuitton SE

785.00
18.00 (2.35%)
Last Updated: 12:30:50
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lvmh Moet Hennessy Louis Vuitton SE EU:MC Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.00 2.35% 785.00 784.90 785.10 789.10 770.50 773.00 89,338 12:30:50

LVMH Shares Fall on 1st Half Performance, Drag Luxury Sector With Them

26/07/2023 8:59am

Dow Jones News


Lvmh Moet Hennessy Louis... (EU:MC)
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From May 2023 to May 2024

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   By David Sachs 
 

Shares in LVMH fell Wednesday after the French luxury goods company reported slower growth a day prior.

At 0719 GMT, shares in LVMH were down 3.8% to EUR821.40.

The world's largest luxury goods conglomerate posted higher earnings overall but U.S. revenue fell after recent highs, which Bernstein analysts said signals a more steady market for luxury goods following a boom.

In early trading, stocks across the sector were down. Prada, Swatch, Kering, Salvatore Ferragamo, Brunello Cucinelli and Hermes International were among the companies opening with lower share prices.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

July 26, 2023 03:44 ET (07:44 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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