1248 GMT - Industria de Diseno Textil is among the most mentioned companies across news items over the past 12 hours, according to Factiva data, after it reported rising earnings and sales for the first quarter that beat analysts' expectations. The Spanish company, owner of fast-fashion brands like Zara and Pull & Bear, posted quarterly sales that grew to 7.61 billion euros ($8.14 billion) from EUR6.74 billion in the first quarter of the year prior, beating analysts' expectations of EUR7.56 billion, and were positive in all geographical areas and concepts, it said. Operating income also grew to EUR1.48 billion in the first quarter, beating analysts' expectations of EUR1.34 billion. Quarterly gross margin reached 60.5%, an increase of 34 basis points from the first quarter of 2022, Inditex said. Dow Jones & Co. owns Factiva. (cecilia.butini@wsj.com)

(END) Dow Jones Newswires

June 07, 2023 09:11 ET (13:11 GMT)