Investing.com – Inditex (BME:) reported on Wednesday second quarter 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 and are trading at €23.205 , down-from-52-week-high.They are under-performing the which is up 1.41% from the start of the year.
Inditex shares gained 4.43% in intra-day trade 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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