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H&M (HMB.ST), the world's second-largest clothing retailer, reported a rise in operating profit for the second quarter (Q2) of 2024. However, the increase fell

H&M's Q2 Profit Disappoints, Stock Price Slips

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H&M (HMB.ST), the world's second-largest clothing retailer, reported a rise in operating profit for the second quarter (Q2) of 2024. However, the increase fell short of analyst expectations, leading to a decline in the company's stock price.

  • Q2 Operating Profit: H&M's operating profit for Q2 reached 7.1 billion Swedish kronor (SEK), which is roughly $672.5 million USD.
  • Missed Expectations: This profit rise fell short of analyst forecasts.
  • Sales Decline: The company also reported a decline in sales for June 2024.
  • Full-Year Outlook Impacted: Due to these factors, H&M acknowledged that achieving its full-year earnings target might be challenging.

Market Reaction:

  • H&M's stock price dropped after the announcement.

Investor Takeaway:

  • This news might be a cause for concern for investors in H&M.
  • The lower-than-expected profit rise and declining sales suggest potential challenges for the company.

Remember: This is a recent development, and the long-term impact on H&M remains to be seen. It's crucial to conduct further research and consider your risk tolerance before making any investment decisions.

FMP Standard Deviation API for Volatility Assessment

The FMP Standard Deviation API can be a useful tool to measure the recent volatility of H&M's stock price (HMB.ST). This data can help you make informed investment decisions.

Learn more about the FMP Standard Deviation API: link to FMP Standard Deviation API documentation.

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