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URBN — Urban Outfitters News Story

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Urban Outfitters surges after Q3 sales, profit beat

** Shares of apparel retailer Urban Outfitters  up 18.6% at $81 premarket

** Reports Q3 net sales of $1.53 billion, beats estimates of $1.47 billion - data compiled by LSEG

** Also reports Q3 EPS of $1.28 vs expectations of $1.20

** At least four brokerages raise PT following results

** URBN’s investments in own brands, marketing and store expansion are expected to drive holiday sales and help the retailer capture more market share, say Jefferies analysts

** Up to last close, stock up ~25% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))

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