0648 GMT - Richemont's results confirm strong revenue momentum at its core jewelry division in its fiscal fourth quarter and are likely to be well received by investors, RBC Capital Markets' Piral Dadhania says in a note to clients. "We expect these results to be positively received, particularly in the context of a challenging broader luxury environment. The outlook should also be supported by recent price increases at Cartier (mid-May) and Van Cleef (mid-April)," the analyst says. The Swiss jeweler and watchmaker reported a 11% rise in fourth-quarter revenue for its jewelry business, beating consensus expectations of a 9% rise, the analyst says. By region, Richemont's quarterly sales missed expectations in Asia-Pacific, but was stronger than anticipated elsewhere, RBC says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

May 16, 2025 02:48 ET (06:48 GMT)

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