Hermes International Reports 26% Rise In Q1 Sales

Hermes International (OTC: HESAY) reported a 26% surge in its first-quarter sales. The company's sales surged to EUR637 million, from EUR508 million, in the year-earlier period. However, analysts were expecting sales of EUR598 million. The company's sales increased 20% in Europe, 17% in Asia and 33% in the America, at constant rates. HESAY shares gained 0.70% to close at $23.10 yesterday. Read more