Stock Track | LuxExperience BV Plummets 6.42% Intraday After Q3 Earnings Miss Estimates

Stock Track05-19

LuxExperience BV (NYSE:LUXE) shares plummeted 6.42% during intraday trading on Tuesday following the release of disappointing third-quarter financial results.

The luxury goods company reported a quarterly loss of $(0.29) per share, significantly missing the analyst consensus estimate of $(0.18) by 61.11%. This represents a substantial decline from earnings of $0.06 per share in the same period last year. Revenue also fell short of expectations at $724.227 million, compared to the estimated $734.210 million.

In European reporting terms, LuxExperience posted a loss from continuing operations of 0.22 euro per share, which widened from a loss of 0.06 euro a year earlier and missed the FactSet consensus estimate of 0.20 euro loss. Sales of 618.5 million euros, while showing year-over-year growth, also came in below the expected 629.9 million euros.

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