ZGN - Ermenegildo Zegna Reports FY23 Results Joins Altice USA Herbalife And Other Big Stocks Moving Lower On Friday | Benzinga
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Friday.
Shares of Ermenegildo Zegna N.V. (NYSE: ZGN) fell sharply during Friday’s session as the company reported FY23 financial results.
Ermenegildo Zegna reported a profit of €135.7 million for FY 2023, up 107.8% year-over-year, and a profit margin of 7.1% up from 4.4% in FY 2022.
Ermenegildo Zegna shares tumbled 14% to $11.99 on Friday.
Here are some other big stocks recording losses in today’s session.
- DoubleDown Interactive Co., ...