Why Urban Outfitters Stock Is Rising After Hours
Portfolio Pulse from Ryan Gustafson
Urban Outfitters, Inc. (NASDAQ:URBN) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of 89 cents, a 71.88% increase from the same period last year. The company also reported quarterly sales of $1.27 billion, beating the analyst consensus estimate of $1.25 billion, a 7.52% increase from the same period last year. The company's total inventory decreased by 15.9% year-over-year as of July 31. Shares of URBN were up 2.79% in the after-hours session.
August 22, 2023 | 8:25 pm
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Urban Outfitters reported strong Q2 earnings and sales, beating analyst estimates. This positive news led to a 2.79% increase in the company's stock price in after-hours trading.
Urban Outfitters reported Q2 earnings and sales that beat analyst estimates, which is positive news for the company. This likely led to the increase in the company's stock price in after-hours trading.
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