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China Daily | Updated: 2008-12-12 07:57
Inditex misses estimates
Inditex SA, Europe's largest clothing retailer, reported third-quarter profit growth that missed analysts' estimates as its Zara chain was hurt by a shrinking economy in Spain, the company's home market.
Net income rose 1.2 percent to 437 million euros in the three months through October, according to calculations based on nine-month results published by Arteixo, Spain-based Inditex yesterday. That missed the 465 million-euro average estimate of four analysts surveyed by Bloomberg.
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