Urban Outfitters Soars on Q2 Earnings and 2 More Heavily Traded Stocks to Follow
Urban Outfitters (NASDAQ:URBN): Closing price $43.19
Urban Outfitters shares are up nearly 10 percent in late afternoon trading Tuesday after the retailer posted impressive second-quarter earnings on Monday. Profit jump by 25 percent year-over-year to $76.4 million, or 51 cents per share for the second quarter, ahead of a consensus for earnings of 48 cents. Even though the company faced a challenging retail environment, revenue spiked to $758.5 million in the quarter, up from $676.3 million in 2012. The retailer’s second-quarter same-store sales were also strong, growing by 9 percent during the period, aided by steady sales across all of its brands.