Zara owner Inditex foreseen upping guidance in results
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Inditex, the owner of Zara, Pull & Bear, and Bershka, is expected to increase its guidance in the upcoming third-quarter results. UBS analysts suggest that a third-quarter earnings beat and an upgrade to its full-year outlook are anticipated, as indicated by the recent surge in the company's share price.
December 06, 2024 | 12:00 pm
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Inditex is expected to raise its guidance in the upcoming Q3 results, with UBS analysts predicting an earnings beat and full-year outlook upgrade. This is reflected in the recent surge in its share price.
The news indicates that Inditex is likely to report strong Q3 results, leading to an upgrade in its full-year outlook. This positive expectation is already reflected in the recent increase in its share price, suggesting a likely short-term positive impact on the stock.
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