Hey everyone. It's my first time posting here, but I've been following for quite some time. So my question is about today's price change with lvmh stock. They posted q2 earnings yesterday after the bell in Paris. I'm not by any means expert in stocks or company analysis. First half-year was +15% in revenue. Net profit rose from last years 6943 to 8902 m€.
Highlights from First half was excellent, significant revenue growth in all business groups except wines and spirits. Strong growth in business in Europe and Asia. So why is the stock -5% today? Shouldn't it go up with strong growth and great earnings report?
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