Urban Outfitters is trading 4.03% down now at $77.44 as investors continue reacting to the company’s August 26 earnings report.
- Adjusted earnings of $1.72 per share narrowly missed the $1.73 consensus estimate, while revenue exceeded expectations at $1.66 billion versus $1.65 billion.
- Shares had already fallen after the report, suggesting profit-taking and concern about valuation near the 52-week high.
- Broader market weakness is adding pressure.