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Urban Outfitters Misses 3Q Forecasts

Associated Press

18 November 2014

PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $47.1 million.

The Philadelphia-based company said it had profit of 35 cents per share.

The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The clothing and accessories retailer posted revenue of $814.5 million in the period, which also did not meet Street forecasts. Analysts expected $818.4 million, according to Zacks.

Urban Outfitters shares have decreased 17 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 10 percent. In the final minutes of trading on Monday, shares hit $30.85, a fall of 23 percent in the last 12 months.

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Urban Outfitters

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Philadelphia, United States

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