Urban Outfitters Slips 4%

Shares of retail company Urban Outfitters, Inc. (URBN) are down 4 percent on Thursday's trading, continuing a decline trend since the last few days. The stock has been on a downward trend since mid-August.

In August, Urban Outfitters reported second-quarter profit of $127.26 million or $1.28 per share, compared to $34.40 million or $0.35 per share last year. Analysts polled by Thomson Reuters had expected earnings of $0.78 per share. Analysts' estimates typically exclude special items.

The retailer's revenue for the quarter surged 45.0% to $1.16 billion from $803.3 million last year. Analysts had a consensus revenue estimate of $1.08 billion.

Currently at $29.91, the stock has traded between $20.75 and $42.10 during the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Follow RTT