Urban Outfitters, Inc. (NYSE:URBN) shares traded higher by 11.6% on Wednesday, despite the company reporting disappointing first-quarter earnings numbers.
On Tuesday, Urban Outfitters reported first-quarter adjusted EPS of 33 cents on $1.05 billion in revenue. Both numbers fell short of consensus analyst estimates of 42 cents and $1.068 billion, respectively. Revenue was up 13.4% from a year ago.
