Zara owner Inditex slumped nearly 6% after news of a surge in profit over the first nine months of the year underwhelmed against heightened expectations.
Inditex unveiled a 9.9% increase in pre-tax profit to €5.8 billion (£4.8 billion) and 7.1% uptick in sales to €27.4 billion for the first nine months of the year on Wednesday.
However, analysts pointed out that the figures reflected a “small miss” against estimates.
Deutsche Bank noted sales were 2% behind consensus and that below double-digit profit growth would likely be viewed as “disappointing”.
“Current trading is fractionally light but not inconsistent with a likely double-digit [fourth quarter] topline delivery,” Jefferies added.
“The group's impressive growth credentials look confirmed, but the shares likely needed a better print to prevent some profit-taking today.”
Shares fell 5.9% to €51.46.