H&M shares jump 10% on third-quarter sales beat as turnaround takes pace

Core Insights - H&M's shares increased by 10% following the release of better-than-expected fiscal third-quarter results, indicating positive market reaction to the company's performance and turnaround strategy [1] - The operating profit for H&M rose by 40% year-on-year, reaching 4.9 billion Swedish krona ($522 million), surpassing analyst expectations of 3.7 billion Swedish krona [1] - Net sales for the same period amounted to 57 billion Swedish krona, slightly exceeding the expected 56.8 billion Swedish krona [2]