Urban Outfitters stock price target raised to $40 from $38 at Instinet

1 News Net

1 News - 1 Movies - 1 Music - 1 eBooks - 1 Search

 

Urban Outfitters shares down 4% after earnings

Shares of Urban Outfitters Inc. fell more than 4% late Tuesday after the retailer reported first-quarter earnings and sales above Wall Street expectations. Urban Outfitters said it earned $41 million, or 38 cents a share, in the quarter, compared with $12 million, or 1 cent a share, in the year-ago period. Sales rose to $856 million, from $761 million a year ago. Analysts polled by FactSet had expected earnings of 31 cents a share on sales of $838 million for the quarter. Urban Outfitters stock ended the regular trading day down 2.6%.

1 News Net

1 News - 1 Movies - 1 Music - 1 eBooks - 1 Search

 

Leave a Reply