Market Overview

Richemont Posts 9% Rise In Holiday Sales


Compagnie Financiere Richemont SA (OTC: CFRUY) reported a 9% rise in its holiday sales in its fiscal third quarter.

Richemont's quarterly revenue surged to 2.86 billion euros ($3.81 billion), from 2.62 billion euros, in the year-ago period. However, analysts were expecting revenue of 2.89 billion euros.

Richemont's sales in the Asia-Pacific region climbed 6% to 1.12 billion euros, while sales in the Americas jumped 18%.

Richemont shares closed at $8.38 on Friday.


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