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Stock impact report

Yahoo Finance [Yahoo! Finance]

Urban Outfitters, Inc. (URBN) 
Last urban outfitters, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.urbn.com/investor-relations
Company Research Source: Yahoo! Finance
Spiking 25% since reporting strong Q3 results, Urban Outfitters stock could continue rallying based on a pleasant trend of earnings estimate revisions. This has earned URBN a Zacks Rank #1 (Strong Buy) and the Bull of the Day. Image Source: Zacks Investment Research The rally in Urban Outfitters stock comes as the popular fashion apparel retailer reported record third quarter sales and profits. Speaking to Urban Outfitters' growing popularity, each of its four retail brands outside of its namesake brand achieved record Q3 revenue. Nuuly stood out in particular, which is a subscription-based rental service that offers a rotating selection of clothing and accessories and saw double-digit revenue growth thanks to a 51% increase in average active subscribers. Overall, Urban Outfitters' Q3 sales rose 6% year over year to $1.36 billion which topped Zacks estimates of $1.33 billion. More impressive, Q3 net income spiked 24% to $103 million or $1.10 per share. This crushed the Zacks Show less Read more
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