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19.11.2019 22:30:51

Urban Outfitters stock tanks after Q3 profit, sales misses

Shares of Urban Outfitters Inc. fell more than 11% in the extended session Tuesday after the retailer missed third-quarter profit and sales expectations. Urban said it earned $56 million, or 56 cents a share, in the quarter, compared with $78 million, or 70 cents a share, in the year-ago period. Sales rose 1.4% to $987 million, from $974 million a year ago, Urban Outfitters said. Analysts polled by FactSet had expected earnings of 57 cents a share on sales of $1 billion. Shares of Urban Outfitter ended the regular trading day down 4.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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