What's Going On With Urban Outfitters Stock Wednesday?
Portfolio Pulse from Dylan Berman
Urban Outfitters (NASDAQ:URBN) stock is trading lower despite reporting better-than-expected first-quarter earnings and sales. The company reported earnings of 69 cents per share and sales of $1.2 billion, both beating analyst estimates. Analysts from Baird and Telsey Advisory Group adjusted their price targets for the stock.
May 22, 2024 | 2:53 pm
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Urban Outfitters reported first-quarter earnings of 69 cents per share and sales of $1.2 billion, both beating analyst estimates. Despite this, the stock is trading lower, down 3.17% at $40.01. Analysts from Baird and Telsey Advisory Group adjusted their price targets for the stock.
Despite strong earnings and sales results, the stock is trading lower, indicating that investors may have had higher expectations or there may be other underlying concerns. Analysts have adjusted their price targets, but the stock's immediate reaction is negative.
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