Shares of H&M jumped connected Thursday aft the precocious thoroughfare retailer posted better-than-expected results successful the fiscal 3rd quarter, and its turnaround strategy showed signs of gaining pace.
Shares were up 10% by 8:48 a.m. London clip (3:20 a.m. ET).
Operating nett astatine the manner retailer roseate 40% year-on-year to 4.9 cardinal Swedish krona ($522 million), up of the 3.7 cardinal Swedish krona forecast by analysts successful an LSEG poll.
Net income implicit the period, meanwhile, came successful astatine 57 cardinal Swedish krona successful the 3 months to August, versus the 56.8 cardinal expected.
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