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Urban Outfitters Misses on Earnings as Costs Climb

Urban Outfitters shares are moving lower Monday evening after the online travel site posted quarterly results which missed Wall Street forecasts.
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Urban Outfitters shares are moving lower Monday evening after the online travel site posted quarterly results which missed Wall Street forecasts. Much to the dismay of investors, Urban Outfitters fell short of analysts’ expectations. Urban Outfitters posted profits of $0.26 a share, just a penny shy of estimates. On the other hand, revenue reached a record of $686 million dollars for the quarter, that’s up 6 percent from the same period last year. Urban will open 5 new stores during the quarter and continued its focus on the online and mobile marketing arenas.

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