Investing.com - Inditex (BME:ITX) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Inditex announced earnings per share of €0.244 on revenue of €6.74B. Analysts polled by Investing.com anticipated EPS of €0.2474 on revenue of €6.27B.
Inditex shares are down 18% from the beginning of the year, still down 29.36% from its 52 week high of €32.85 set on June 9, 2021. They are under-performing the IBEX 35 which is up 1.41% from the start of the year.
Inditex shares gained 4.43% in intra-day trade following the report.
Inditex follows other major Consumer Discretionary sector earnings this month
Inditex's report follows an earnings beat by Neinor Homes on May 10, who reported EPS of €0.44 on revenue of €284M, compared to forecasts EPS of €0.32 on revenue of €225.76M.
eDreams Odigeo SA had matched expectations on May 26 with fourth quarter EPS of €-0.13 on revenue of €118.9M, compared to forecast for EPS of €-0.13 on revenue of €108M.
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