Investing.com - Inditex (BME:ITX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Inditex announced earnings per share of €0.576 on revenue of €14.84B. Analysts polled by Investing.com anticipated EPS of €0.3293 on revenue of €7.85B.
Inditex shares are down 23% from the beginning of the year and are trading at €21.950 , down-from-52-week-high.
Inditex shares lost 100.00% in pre-market trade following the report.
Inditex follows other major Consumer Discretionary sector earnings this month
Inditex's report follows an earnings matched by eDreams Odigeo SA on Wednesday, August 31, 2022, who reported EPS of €-0.11 on revenue of €159.1M, compared to forecasts EPS of €-0.11 on revenue of €138.97M.
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