Inditex earnings miss, Revenue beats in Q2

  • Investing.com
Inditex earnings miss, Revenue beats in Q2

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 and are trading at €23.205 , down-from-52-week-high.They are under-performing the IBEX 35 which is up 1.41% year to date.

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 Tuesday, May 10, 2022, 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 Thursday, May 26, 2022 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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