Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Urban Outfitters Stock Popped Today

TheMotleyFool

0 0

Why Urban Outfitters Stock Popped TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Shares of Urban Outfitters (NASDAQ: URBN) were up 6.8% as of 3:15 p.m. EDT Wednesday after the lifestyle retailer announced better-than-expected second-quarter earnings and encouraging forward guidance.

On one hand, Urban Outfitters' quarterly revenue fell 3% year over year, to $962 million, well below consensus estimates for roughly $980.6 million. But while earnings declined to $60 million, or $0.61 per share (from $0.84 per share a year ago), that was still comfortably ahead of the $0.58 per share most analysts were modeling.

IMAGE SOURCE: URBAN OUTFITTERS.

Source Fool.com

Like: 0

URBN

Share