Investing.com - Inditex (BME:ITX) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Inditex announced earnings per share of €0.32 on revenue of €7.83B. Analysts polled by Investing.com anticipated EPS of €0.3293 on revenue of €7.85B.
Inditex shares are down 19.31% from the beginning of the year, still down 29.45% from its 52 week high of €32.63 set on September 30, 2021.
Inditex shares gained 4.87% in intra-day trade following the report.
Inditex follows other major Consumer Discretionary sector earnings this month
Inditex's report follows an earnings missed by Inditex on Wednesday, who reported EPS of €0.32 on revenue of €7.83B, compared to forecasts EPS of €0.3293 on revenue of €7.85B.
eDreams Odigeo SA had matched expectations on August 31 with first quarter EPS of €-0.11 on revenue of €159.1M, compared to forecast for EPS of €-0.11 on revenue of €138.97M.
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