Urban Outfitters (NASDAQ:URBN) Issues Earnings Results, Misses Expectations By $0.01 EPS
Urban Outfitters (NASDAQ:URBN) released its quarterly earnings data on Tuesday, November 19th. The apparel retailer reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01), RTT News reports. Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The company had revenue of $987.47 million during the quarter, compared to the consensus estimate of $1 billion. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS.
Shares of NASDAQ URBN traded up $0.87 during mid-day trading on Wednesday, reaching $25.18. 158,323 shares of the company were exchanged, compared to its average volume of 3,296,806. The company’s 50-day simple mov ...