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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


Shares of Urban Outfitters Inc. /zigman2/quotes/208403734/composite URBN -1.72% 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%.

US : U.S.: Nasdaq
$ 15.96
-0.28 -1.72%
Volume: 1.98M
July 14, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$1.56 billion
Rev. per Employee

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