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Why Urban Outfitters Stock Was Rallying Today

TheMotleyFool

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Why Urban Outfitters Stock Was Rallying Today: https://g.foolcdn.com/editorial/images/733775/clothing-hanging-on-a-rack-in-a-store-fashion-retail-apparel-clothes.jpg

Shares of Urban Outfitters (NASDAQ: URBN) were moving higher Wednesday after the lifestyle apparel retailer posted better-than-expected results in its fiscal first-quarter earnings report.

As of 12:46 p.m. ET, the stock was up 16.2%.

Urban Outfitters, which also owns Anthropologie and Free People, among other brands, reported record sales and earnings per share in its fiscal Q1, which ended April 30.

Source Fool.com

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