(new: share price development updated and analyst comment.)

FRANKFURT (dpa-AFX) - The shares of Zalando were volatile on Tuesday after the publication of the figures for the second quarter. After rising by almost 7 percent in early Xetra trading, the online retailer's shares turned negative again around midday, falling by 1.2 percent to 21.74 euros.

In view of an operating profit (EBIT) in the second quarter that exceeded market expectations, the confirmed annual target for this key figure is "conservative", wrote analyst Yashraj Rajani from UBS bank. Discussions with investors ahead of the figures had revealed that they would have liked to see more optimism from the online retailer with regard to the operating result this year./bek/men