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Urban Outfitters Stock Surges on Earnings, Revenue Beat
URBNUrban Outfitters(URBN) Schaeffers Investment Research·2024-11-27 15:14

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) are 13.2% higher at 45.85,aftertheretailerpostedbetter−than−expectedresultsforthethirdquarter.Whileitsnamesakebrandstruggled,itsAnthropologieandFreePeoplebrandswerethemaincatalystsforarobust6.345.85, after the retailer posted better-than-expected results for the third quarter. While its namesake brand struggled, its Anthropologie and Free People brands were the main catalysts for a robust 6.3% increase in net sales, as well as earnings of 1.10 per share on income of 102.91billion.Asaresult,UrbanOutfittersstockisontrackforitsbestsingle−daypercentagegainsinceMay2023.The102.91 billion.As a result, Urban Outfitters stock is on track for its best single-day percentage gain since May 2023. The 46 level is keeping a lid on today's gai ...