Industria de Diseno Textil SA IDEXF reported a 10% rise in its first-quarter net profit on Wednesday.
IDEXF's net profit surged to 332 million euros ($479 million), from €301 million, in the year-earlier period. Its sales climbed 11% to €2.96 billion, from €2.67 billion a year ago. Analysts were expecting a net profit of €313.8 million on sales of €2.96 billion.
IDEXF's gross profit jumped 9% to €1.74 billion, with the gross margin at 58.8% of sales, down from 59.9%, in the year-ago period. Its store sales in local currencies between February 1 and June 12 climbed 11%.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in