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Urban Outfitters shares endure drubbing, pare losses in late trading

Wednesday, March 8, 2017 13:33
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Retailer Urban Outfitters‘ (NASDAQ:URBN) shares slumped more than 8% initially on Wednesday after its fourth quarter results for fiscal-year 2017 missed analyst estimates.

The company reported earnings per diluted share of $0.55 for the fourth quarter of 2016, missing analyst expectations by a penny, down from $0.61 earned during the same period a year ago.

Diluted earnings per share for the year ending January 31, were $1.86.

With less than an hour of trading to go Urban’s shares were still 2.5% lower at $24.76 on Wednesday.

Story by ProactiveInvestors


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