Investing.com - Hermes International (OTC:HESAF) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hermes International announced earnings per share of €11.19 on revenue of €2.15B. Analysts polled by Investing.com anticipated EPS of €5.78 on revenue of €2B.
Hermes International shares are up 27% from the beginning of the year, still down 1.72% from its 52 week high of €1,311.50 set on July 30. They are outperforming the STOXX 600 which is up 15.72% from the start of the year.
Hermes International follows other major Consumer Discretionary sector earnings this month
Hermes International's report follows an earnings beat by Louis Vuitton on Monday, who reported EPS of €7.4 on revenue of €14.71B, compared to forecasts EPS of €6.05 on revenue of €13.92B.
Kering had beat expectations on Tuesday with second quarter EPS of €11.71 on revenue of €4.16B, compared to forecast for EPS of €8.57 on revenue of €3.88B.
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