Tuesday, May 22, 2012
Urban Outfitters profit beats estimates, shares rise
Urban Outfitters Inc reported a quarterly profit above market expectations as the clothing retailer managed to sell more women's apparel at regular prices, sending its shares up as much as 7 percent in after-market trading. Photo: Urban OutfittersWarmer-than-expected weather spurred sales of spring merchandise at several U.S. retailers in the first quarter. Urban Outfitters, however, warned that warm weather may have pulled forward sales from the second quarter. "The early, unusually warm
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