Operating profit was JPY146.7 billion ($1.28 billion) in the three months ended May, trailing the JPY150 billion average of analyst estimates compiled by Bloomberg. Gross profit margin was 54.9%, down from 56.5% a year ago.
Fast Retailing fell the most in three months after the Japanese apparel maker’s third-quarter earnings missed estimates due to weak sales in China.
The stock dropped as much as 6.33% in Tokyo trading Friday, the biggest intra-day decline since April 7.
