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Aug. 20, 2019, 4:15 p.m. EDT

Urban Outfitters stock higher after mixed Q2 results

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By Claudia Assis

URBN

Shares of Urban Outfitters Inc. /zigman2/quotes/208403734/composite URBN +2.96% rose 3% in the extended session Tuesday after the retailer reported mixed second-quarter results, with profit above Wall Street expectations but sales that fell short. Urban said it earned $60 million, or 61 cents a share, in the quarter, compared with $93 million, or 84 cents a share, in the year-ago period. Sales fell 3% to $962 million. Analysts polled by FactSet had expected earnings of 59 cents a share on sales of $982 million in the quarter. Comparable-store sales also dropped 3%, driven by negative retail store sales partially offset by growth in digital sales, the company said. The analysts polled by FactSet had expected same-store sales to drop 2% in the period.

/zigman2/quotes/208403734/composite
US : U.S.: Nasdaq
$ 26.12
+0.75 +2.96%
Volume: 2.56M
Dec. 6, 2019 4:00p
P/E Ratio
11.50
Dividend Yield
N/A
Market Cap
$2.56 billion
Rev. per Employee
$171,766
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