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"Magnitude Of Deterioration": Wall Street Stunned By LVMH's Earnings
"Magnitude Of Deterioration": Wall Street Stunned By LVMH's Earnings LVMH Moët Hennessy shares dropped in Paris trading Tuesday after the luxury conglomerate reported Q1 earnings that fell short of Bloomberg Consensus estimates. The miss was driven by softening demand for high-end goods in top markets such as Asia and the U.S., as a deepening trade war pressured consumer sentiment.  LVMH's first-quarter results served as a luxury gut-check for the industry, with a broad-based m
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