Burberry Stock Soars After Q3 Sales Fall Less Than Estimated
KEY TAKEAWAYSBurberry shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.The British company is in the midst of a turnaround to focus on its core products like scarves and trenchcoats.Burberry posted a 4% comparable store sales drop, beating analysts' estimates. Burberry (BRBY) shares in London trading surged after the luxury group posted better-than-expected sales over the third q ...