Urban Outfitters Shares Down 9% Following Q3 Results
<p>Urban Outfitters, Inc. <a href='https://site.financialmodelingprep.com/financial-summary/URBN'>
(NASDAQ:URBN)</a> shares closed more than 9% lower on Tuesday, following the company’s reported Q3 results, with EPS coming in at $0.89, beating the consensus estimate of $0.84 driven by solid GPM and Selling, General and Administrative Expenses control.</p>

<p>However, the company missed buy-side comp expectations at both Urban Outfitters and Anthropologie. Although results fell short, analysts at Deutsche Bank mentioned that the company faced supply chain delays that weighed on Q3 sales with top-line trends accelerating in October (best month of the quarter) and Q4 as receipt flow improved.</p>
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