Urban Outfitters Analysts Boost Their Forecasts After Q2 Results
Urban Outfitters (URBN) reported mixed Q2 results, with adjusted earnings missing estimates and sales exceeding expectations. Stock decreased by 4.6%.
Urban Outfitters sold more stuff than people expected, but made less profit than hoped—yet analysts still think the company will do better going forward. When experts raise their guesses about a company's future, it can mean they see something good coming, even if today's report was messy.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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