Stockholm Archive

H&M Third Quarter Earnings Miss Estimates on Discounts

STOCKHOLM, Sweden  — Hennes & Mauritz AB reported third-quarter earnings short of analysts’ expectations as the Swedish fashion retailer marked down prices and the strong dollar raised garment costs. Pretax profit fell to 6.3 billion kronor ($730 million) in the three months through August from 6.94 billion kronor a year earlier, the Stockholm-based company said in a statement Friday. That compared with an average 6.37 billion-krona estimate …