Urban Outfitters Reported Higher Traffic But Missed on Earnings Last Quarter

Despite positive traffic trends during the fiscal fourth quarter, Urban Outfitters (NASDAQ: URBN) reported sales and earnings below analysts' estimates on Tuesday. 

Net sales of $1.17 billion came in slightly below estimates, while non-GAAP (adjusted) earnings of $0.50 were less than the $0.63 expected by analysts. The stock was down about 5% in pre-market trading on Wednesday. 

Image source: Getty Images.

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Source Fool.com