Inditex Profit Beats Estimates on Online Expansion

  • Operating income rises 6%, sales gain 17% excluding currencies
  • Bernstein analyst says revenue growth is likely to decelerate

Inditex SA, the maker of Zara and Massimo Dutti clothing, reported first-quarter profit that beat analysts’ expectations as fashionistas bought more garments such as $36 jeans and $69 pink safari jackets online.

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