Urban Outfitters Stock Surges on Earnings, Revenue Beat
Urban Outfitters(URBN) Schaeffers Investment Research·2024-11-27 23:14
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) are 13.2% higher at $45.85, after the retailer posted better-than-expected results for the third quarter. While its namesake brand struggled, its Anthropologie and Free People brands were the main catalysts for a robust 6.3% increase in net sales, as well as earnings of $1.10 per share on income of $102.91 billion.As a result, Urban Outfitters stock is on track for its best single-day percentage gain since May 2023. The $46 level is keeping a lid on today's gai ...