H&M third quarter pretax profit just tops forecast

(Reuters) - Fashion group H&M (HMb.ST) reported on Thursday a marginally smaller fall than expected in quarterly pretax profit and said sales had slowed somewhat towards the end of September.
Pretax profit in June through August, H&M’s fiscal third quarter, shrank 20 percent from a year earlier to 5.02 billion Swedish crowns (538.60 million pounds) against a mean forecast in a Reuters poll of analysts for a 21 percent drop.
H&M third quarter pretax profit just tops forecast H&M third quarter pretax profit just tops forecast Reviewed by Alexander Von Stern on 23:37:00 Rating: 5