Shares of Urban Outfitters, Inc. (NASDAQ:URBN) are 13.2% higher at $45.85, after the retailer posted better-than-expected results for the third quarter.
URBN's Q3 results show year-over-year growth in both earnings and revenues, driven by the company's strategic efforts to enhance customer engagement.
Urban Outfitters (URBN) shares jumped Wednesday morning after the company reported third-quarter results better than analysts had expected, thanks to rising sales across its non-Urban Outfitters brands.
Urban Outfitters soared in premarket trade after a healthy Q3 earnings beat and an upgrade from Citi. Urban brand margins set to improve.
Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped 14% pre-market on Wednesday after the fashion retailer said it had made record sales and profits in the past quarter. Net sales for the three months to end-October grew 6.3% to $1.36 billion, beating Wall Street expectations of $1.34 billion.
The headline numbers for Urban Outfitters (URBN) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Urban Outfitters (URBN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.88 per share a year ago.
Shares of Urban Outfitters Inc. jumped after hours on Tuesday after the clothing retailer reported third-quarter results that topped expectations and said it was “optimistic” about holiday-season demand.
Urban Outfitters (URBN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Urban Outfitters (URBN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
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