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Urban Outfitters Meets 3Q Profit Forecasts

Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million. The results met Wall Street expectations.

Associated Press

16 November 2015

PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million.

On a per-share basis, the Philadelphia-based company said it had profit of 42 cents.

The results met Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was also for earnings of 42 cents per share.

The clothing and accessories retailer posted revenue of $825.3 million in the period, which fell short of Street forecasts. Thirteen analysts surveyed by Zacks expected $870.9 million.

Urban Outfitters shares have fallen 35 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $22.67, a drop of 27 percent in the last 12 months.

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Urban Outfitters

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Philadelphia, United States

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