Investing.com - Inditex (MC:ITX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Inditex announced earnings per share of €0.278 on revenue of €6.05B. Analysts polled by Investing.com anticipated EPS of €0.2727 on revenue of €6.04B.
Inditex shares are down 15% from the beginning of the year and are trading at €26.575 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 5.24% from the start of the year.
Inditex follows other major Services sector earnings this month
Inditex's report follows an earnings beat by Merlin Properties SA on Tuesday, November 17, 2020, who reported EPS of €0.12 on revenue of €117.24M, compared to forecasts EPS of €0.11 on revenue of €122M.
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