NewsFeeder
08-22-2018, 02:01 PM
This is why Urban Outfitters shares are down despite beating earnings expectations
Urban Outfitters Inc. (urbn) shares were down 4.6% in Wednesday trading despite better-than-expected second-quarter results and price target bumps at at least four analyst groups, and Wells Fargo suggests a reason why. "[T]he key callout/issue investors may take in the near-term is that compares in 3Q will step up by a decent amount as the quarter progresses (August last year comps were down low-single digits and they gradually increased throughout the quarter)," wrote analysts led by Ike Boruchow. "The rubber will certainly meet the road in the coming months." Urban Outfitters reported earnings of 84 cents per share, revenue of $992.5 million, and retail segment same-store sales growth of 13%.
https://finance.yahoo.com/m/4abbbc20-bfe5-32c2-9b62-e13d2a40f6c5/this-is-why-urban-outfitters.html?.tsrc=rss
Urban Outfitters Inc. (urbn) shares were down 4.6% in Wednesday trading despite better-than-expected second-quarter results and price target bumps at at least four analyst groups, and Wells Fargo suggests a reason why. "[T]he key callout/issue investors may take in the near-term is that compares in 3Q will step up by a decent amount as the quarter progresses (August last year comps were down low-single digits and they gradually increased throughout the quarter)," wrote analysts led by Ike Boruchow. "The rubber will certainly meet the road in the coming months." Urban Outfitters reported earnings of 84 cents per share, revenue of $992.5 million, and retail segment same-store sales growth of 13%.
https://finance.yahoo.com/m/4abbbc20-bfe5-32c2-9b62-e13d2a40f6c5/this-is-why-urban-outfitters.html?.tsrc=rss