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URBN — Urban Outfitters News Story

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Urban Outfitters surges after quarterly results beat on robust demand

Updates

** Shares of apparel retailer Urban Outfitters  rise as much as 13.8% to $77.71, highest since August 28

** 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

** Stock set for its best day since May 22, if gains hold

** Marketing boosted store and online traffic, while new lease campaigns drove double-digit growth in active subscribers, says COO Francis Conforti on the earnings call

** At least six brokerages raise PT following results

** URBN's sales momentum continues to impress, say Wells Fargo analysts

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

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))

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