Prada Says 2014 Sales May Miss Estimates on China, Italy

Prada SpA said it may fall short of analysts’ predictions for fiscal-year revenue after unfavorable currency moves and slowing demand for luxury goods in Europe and Asia weighed on third-quarter profit.

“Consensus at the moment is challenging,” Chief Financial Officer Donatello Galli said, without specifying a figure, during a conference call after Milan-based Prada reported quarterly profit today. Before the announcement, analysts were predicting that sales in the year through January would rise to