Loading...
Loading...
Fast Retailing Co
FRCOY reported a 35.8% rise in its net profit for the nine-month period ended May.
Fast Retailing's net profit for the period climbed to 75.52 billion yen, versus a year-ago profit of Y53.40 billion.
Its revenue surged 14.0% to Y743.54 billion from Y652.02 billion, while operating profit gained 14.1% to Y119.32 billion from Y104.57 billion.
In the March-May quarter, Fast Retailing's net profit surged 26% to Y14.7 billion from Y11.7 billion.
For the full fiscal year ending August, Fast Retailing cut its earnings forecast. It now expects a net profit of Y79.0 billion, versus its earlier forecast of Y81.5 billion. It also lowered its full-year sales outlook for sales and operating profit.
Fast Retailing shares closed at $19.65 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in