Investing.com - Inditex (MC:ITX) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Inditex announced earnings per share of €0.14 on revenue of €6.32B. Analysts polled by Investing.com anticipated EPS of €0.1945 on revenue of €6.72B.
Inditex shares are up 11% from the beginning of the year and are trading at €29.755 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 5.9% from the start of the year.
Inditex follows other major Services sector earnings this month
Inditex's report follows an earnings missed by Telefonica on Thursday, February 25, 2021, who reported EPS of €0.18 on revenue of €10.91B, compared to forecasts EPS of €0.1918 on revenue of €10.8B.
Cellnex Telecom had matched expectations on Friday, February 26, 2021 with fourth quarter EPS of €0.0329 on revenue of €459M, compared to forecast for EPS of €0.0329 on revenue of €459.5M.
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