Investing.com - Kering (EPA:PRTP) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kering announced earnings per share of €16.07 on revenue of €4.97B. Analysts polled by Investing.com anticipated EPS of €13.61 on revenue of €4.79B.
Kering shares are down 25% from the beginning of the year and are trading at €528.00 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 16.07% from the start of the year.
Kering follows other major Consumer Discretionary sector earnings this month
Kering's report follows an earnings beat by Louis Vuitton on Tuesday, who reported EPS of €12.99 on revenue of €18.73B, compared to forecasts EPS of €11.44 on revenue of €17.59B.
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