Update: As I write this URBN is down 16.29%.
There’s always some interesting posts in the Yahoo Finance message board, especially when a stock is getting hit after hours on an earnings miss. Such is the case for URBN, Urban Outfitters, the retail stock, most known “funky” fashion and almost kitchy type of products, is down over 10% right now.
Urban Outfitters (URBN 33.33, -4.66, -12.27%) shares slumped 9.6% to $34.33 following the Philadelphia-based company’s report that fourth-quarter net earnings were $75.2 million, or 45 cents a share, down slightly from $77.7 million, or 45 cents, in the year-ago period. There were 2.8% more shares outstanding in the year-ago period. Revenue rose 14% to $668.4 million from $588.5 million. Analysts surveyed by FactSet Research had been looking for 52 cents a share on $674.8 million in revenue.
down more than 10%
I get the bonehead award. I wanted to buy Urban in AH if it hit 33.80. But I put the order in for 34.8. Now I have shares purchsed at 33.64 (price when I put the order)
Maybe I’ll get lucky and it will rise from here. But I really don’t want to rely on luck when playing the market. what a dufus.