Urban Outfitters stock soars 12% as retailer swings to surprise Q2 profit
Urban Outfitters Inc. shares soared more than 12% in the extended session Tuesday after the retailer swung to a surprise second-quarter profit and sales were above Wall Street expectations thanks to online sales. Urban Outfitters said it earned $34 million, or 35 cents a share, in the quarter, compared with earnings of $60 million, or 61 cents a share, in the year-ago period. Sales fell 16.5% to $803 million. Analysts polled by FactSet had expected a loss of 40 cents a share on sales of $672 million in the quarter. Читать дальше...