Urban Outfitters Inc. Misses Q1 Sales Expectations by $20 Million

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Despite reporting what it hailed as record Q1 sales, Urban Outfitters missed Wall Street’s expectations by $20 million. First-quarter revenue was up 7.7% to $739 million. Earnings per share of $0.25 were short of analysts’ predictions of $0.30 per share. “I am pleased to announce record first-quarter sales and positive …