Corporate News Report

Industria de Diseno Textil SA
Spanish specialty retail company

Financial Performance

  • Earnings per share: $0.14, up from $0.13 in the same quarter last year.
  • Revenue: $11.59 billion, an increase of 8.16%, exceeding analyst forecasts.

Analyst Ratings

  • Royal Bank of Canada: upgraded the stock from Strong Sell to Hold.
  • Berenberg Bank: upgraded the stock to Strong Buy.

Parent Company Update

  • Inditex (parent company) released its quarterly results:
    • Earnings per share: €0.48.
    • Revenue: €10.08 billion, also above analyst expectations.

Market Context

  • European stock markets recorded gains following the European Central Bank’s decision to keep interest rates unchanged.
  • The positive market momentum has supported Industria de Diseno Textil’s share price, which is trading at a relatively high level.