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 €0.38 on revenue of €8.39B. Analysts polled by Investing.com anticipated EPS of €0.3845 on revenue of €8.64B.
Inditex shares are down 23% from the beginning of the year and are trading at €21.705 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 4.09% from the start of the year.
Inditex shares lost 0.94% in intra-day trade following the report.
Inditex follows other major Consumer Discretionary sector earnings this month
Inditex's report follows an earnings beat by Gestamp Automocion on Monday, February 28, 2022, who reported EPS of €0.1 on revenue of €2.21B, compared to forecasts EPS of €0.0785 on revenue of €2.12B.
Melia Hotels had missed expectations on Monday, February 28, 2022 with fourth quarter EPS of €0.0071 on revenue of €307M, compared to forecast for EPS of €0.1637 on revenue of €304.53M.
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