These Analysts Slash Their Forecasts On Urban Outfitters Following Q2 Results

Urban Outfitters, Inc. (NASDAQ:URBN) reported better-than-expected second-quarter financial results on Wednesday.  Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 by 22.77%. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate and represents a 6.13% from the same period last year. "We are pleased to report record second-quarter sales fueled by strength across all three segments — Retail, Nuuly and Wholesale," said Richard A. Hayne, CEO of Urban Outfitters. "Equally impressive, four of our five brands delivered record operating profits during the second quarter." Urban Outfitters shares fell 8.9% to trade at $37.79 on Thursday. These ...