Urban Outfitters Inc. (URBN) reported second-quarter earnings of 29 cents per share, beating the Zacks Consensus Estimate by 11.5%.
Sales recorded a marginal growth of 1% to $458.6 million.
However, same-store sales fell 6% as Anthropologie, Free People and Urban Outfitters stores recorded declines of 4%, 16% and 8%, respectively.
Meanwhile, the Zacks Consensus Estimate, derived from 24 covering analysts, for the fiscal year ending Jan 2010 has increased by 2 cents over the past week to $1.08 per share.
URBN, a Zacks #3 Rank (“Hold”) stock, advanced nearly 3% on heavier-than-usual volume of about 9.6 million, compared to the average daily volume of about 3.9 million.
“URBN” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research