Urban Outfitters Stock Swings After Record Q1—What Nuuly and Tariffs Are Telling Investors
Urban Outfitters reported record first-quarter sales and income after Wednesday’s close, testing a stock that had just ended regular trading up 4.05% at $71.67 before slipping to $70.55 at 6 p.m. Eastern in extended trading. The company posted net income of $115.7 million and diluted earnings per share of $1.30 on net sales of $1.48 billion. The late move needs some care. Extended trading is the session after the 4 p.m. close, and Nasdaq warns it tends to have less liquidity, meaning fewer buyers and sellers, and higher volatility than the main session.
