Zara owner Inditex pops 7% after posting strong sales growth; European markets edge higher [MSNBC.com]
INDUSTRIA DSNO UNSP/ADR (IDEXY)
NASDAQ:AMEX Investor Relations:
inditex.com/investors/investor-relations/share-capital
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Source: MSNBC.com
The positive open eyed by regional markets comesafter major U.S. indexes recovered in Tuesday's trading sessionAsia-Pacific marketsWall Street's gains came on Tuesday as tech stocks such asNvidialogged its worst dayInvestors are gauging the possibility of a year-end rally, as December trading historically bodes well for U.S. stocks and because November was such a downbeat month as profit-taking trimmed valuations for some high-flying names.Zara's parent company Inditex reported strong nine-month results on Wednesday, revealing a 10.6% increase in currency-adjusted sales between Nov. 1 and Dec. 1 versus the same period in 2024. Shares were last trading 7% higher. The Spanish firm noted that autumn/winter collections "remain well received."The fast-fashion group, which also owns brands Bershka, Massimo Dutti, Oysho, Pull & Bear and Stradivarius, said currency-adjusted sales rose 8.4% to 9.8 billion euros ($11.4 billion), and earnings before interest, depreciation and amortization grew 8
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