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Nov. 19, 2019, 4:31 p.m. EST

Urban Outfitters stock tanks after Q3 profit, sales misses

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By Claudia Assis

URBN

Shares of Urban Outfitters Inc. /zigman2/quotes/208403734/composite URBN +2.26% fell more than 11% in the extended session Tuesday after the retailer missed third-quarter profit and sales expectations. Urban said it earned $56 million, or 56 cents a share, in the quarter, compared with $78 million, or 70 cents a share, in the year-ago period. Sales rose 1.4% to $987 million, from $974 million a year ago, Urban Outfitters said. Analysts polled by FactSet had expected earnings of 57 cents a share on sales of $1 billion. Shares of Urban Outfitter ended the regular trading day down 4.5%.

/zigman2/quotes/208403734/composite
US : U.S.: Nasdaq
$ 26.71
+0.59 +2.26%
Volume: 3.05M
Dec. 9, 2019 4:00p
P/E Ratio
11.76
Dividend Yield
N/A
Market Cap
$2.56 billion
Rev. per Employee
$171,766
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