Urban Outfitters’ Excellent Results Propel Stock To New Highs – ValueWalk Premium

Urban Outfitters’ Excellent Results Propel Stock To New Highs

 

Co-founder Richard Hayne, rehired and appointed as CEO by Urban Outfitters, Inc. (NASDAQ:URBN), seems to have worked his magic with the company’s performance.

Urban Outfitters, Inc. (NASDAQ:URBN) beat estimates when it declared its second quarter results today – the stock rose to a high of $37.65, also a new 52-week high, up over 18% in the single largest intra-day rise since 2003.

Net earnings rose over 8 percent to $61.3 million (42 cents a share) from $56 . . .

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