Urban Outfitters Q3 EPS $0.88, Sales $1.28B Beat $1.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban Outfitters (NASDAQ:URBN) reported Q3 earnings of $0.88 per share, surpassing the consensus estimate of $0.82 by 7.32%. This represents a 120% increase from $0.40 per share in the same quarter last year. Quarterly sales reached $1.28 billion, exceeding estimates of $1.26 billion by 1.67% and marking an 8.94% increase from $1.18 billion in the prior year's quarter.
November 21, 2023 | 9:09 pm
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Urban Outfitters reported strong Q3 earnings and sales, beating analyst estimates with significant year-over-year growth.
Urban Outfitters' earnings beat and positive sales growth are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The substantial year-over-year growth in earnings and sales, along with beating analyst expectations, typically results in positive market sentiment.
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