Richemont Reports 24% Surge In Sales
Compagnie Financiere Richemont SA (OTC: CFRUY) reported a 24% rise in sales in the Christmas shopping season.
Richemont's sales for the three months to the end of December surged to 2.62 billion euros, versus EUR2.11 billion, in the year-ago period. However, analysts were expecting sales of EUR2.58 billion.
Richemont shares closed at $5.25 on Friday.
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