Watches of Switzerland stock jumps on Q2 recovery, reconfirmed FY25 guidance By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
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Source: Investing.com
Strong Q2 Recovery: Watches of Switzerland shares rose over 10% after reporting a strong recovery in Q2, with revenues of £785 million for the first half of FY25, despite a slight miss on revenue and EBIT expectations. The US market showed significant growth, contributing to overall positive trading momentum.
Maintained Guidance: The company reaffirmed its full-year guidance of £1.67 billion to £1.73 billion in revenue, which boosted investor confidence, even amidst challenges like currency fluctuations and increased overhead costs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
