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Name | Symbol | Market | Type |
---|---|---|---|
Industria De Diseno Textil Inditex SA (PK) | USOTC:IDEXY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.12 | -0.44% | 27.09 | 27.00 | 27.24 | 27.60 | 27.02 | 27.52 | 127,298 | 21:30:27 |
(FROM THE WALL STREET JOURNAL 12/11/15) By David Roman
Industria de Diseno Textil SA, the retailer behind the Zara fast-fashion chain, said Thursday it plans to launch online operations in all European markets next year, as it posted third-quarter results that exceeded expectations.
Inditex, as the Spanish company is known, said net profit for the nine months ended Oct. 31 rose 20% from the same period last year to 2.02 billion euros ($2.21 billion). It didn't provide separate numbers for its fiscal third quarter, but a Wall Street Journal calculation shows third-quarter net profit rose 13% on the year to 854 million euros, compared with analysts' expectations of 645 million euros, according to FactSet.
Sales grew 15% to 5.32 billion euros, this calculation shows, as the company continued a strong pace of new store openings.
(END) Dow Jones Newswires
December 11, 2015 02:47 ET (07:47 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Industria De Diseno Text... (PK) Chart |
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