Ferragamo fails to provide full-year guidance despite better-than-expected Q3 sales
Salvatore Ferragamo posted better-than-expected third-quarter sales but declined to provide full-year estimates, citing a “volatile” market scenario. The lack of visibility prompted investors to sell the stock. Ferragamo’s shares closed at €19.13 in the Nov. 10 session, down by 4.23 percent on the previous day.
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