Zalando Q3 Results Broadly In Line With Expectations, JPMorgan Says
Zalando's gross merchandise volume rose 7.5% year over year and revenue climbed 5.1%, according to JPMorgan, which expects a relatively muted share reaction.
Zalando's results for the third quarter are unsurprising, as they came broadly in line with expectations, J.P. Morgan says. The German online retailer's gross merchandise volume grew 7.5% on year, while revenue climbed 5.1%. "We expect a relatively muted reaction in the shares today," the analysts…