LVMH Q2 Revenue EUR20.98B Vs EU21.41B Est.
Portfolio Pulse from Benzinga Newsdesk
LVMH reported Q2 revenue of EUR20.98 billion, missing the estimated EUR21.41 billion.
July 23, 2024 | 4:02 pm
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NEGATIVE IMPACT
LVMH reported Q2 revenue of EUR20.98 billion, which is below the estimated EUR21.41 billion. This earnings miss could negatively impact the stock price in the short term.
LVMH's Q2 revenue miss indicates weaker-than-expected performance, which is likely to lead to a negative market reaction and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100