Bloomberg SAN FRANCISCO (MarketWatch) — Urban Outfitters Inc. shares swung to a loss in the extended session Monday, after an initial gain, following the specialty retailer's quarterly earnings, which topped Wall Street estimates with in-line revenue.
/quotes/zigman/55244/delayed/quotes/nls/urbn URBN 37.51, -0.05, -0.13% Urban Outfitters 12-month share price
Shares of Urban Outfitters (URBN) fell 2.1% to $36.72 on moderate volume.
The retailer reported fourth-quarter earnings of 59 cents a share on revenue of $905.9 million. Analysts surveyed by FactSet expected fourth-quarter earnings of 55 cents a share on revenue of $905.9 million.
Fourth-quarter same-store sales at Urban Outfitters stores fell 9%, while comparable sales at Anthropologie stores rose 10% and 20% at Free People stores.
Shares of Boyd Gaming Corp. (BYD) rose 8% to $12.75 on moderate volume after hedge fund Elliot Associates L.P. disclosed in a regulatory filing it had acquired a 4.99% stake in the casino operator.
United Natural Foods Inc. (UNFI) shares rose 3% to $77.68 on light volume after the food distributor reported fiscal second-quarter earnings of 56 cents a share on revenue of $1.65 billion. Analysts expected fiscal second-quarter earnings of 56 cents a share on revenue of $1.64 billion.
The company also said it sees full-year earnings of $2.45 to $2.51 a share on revenue of $6.70 billion to $6.78 billion. Analysts see $2.52 a share on revenue of $6.72 billion.
Shares of Fuel Tech Inc. (FTEK) fell 15% to $5.86 on moderate volume. The air-pollution control technology company reported fourth-quarter earnings of 2 cents a share on revenue of $24.2 million. Only two analysts on FactSet estimated earnings averaging at 7 cents a share, while only one expected revenue of $28 million.
La Jolla Pharmaceutical Co. (LJPC) shares jumped 37% to $14.98 on heavy volume after the microcap biotech said its mid-stage study for a chronic kidney disease treatment showed a statistically significant improvement in patients.
Shares of Nuverra Environmental Solutions Inc. (NES) fell 5.6% to $16.99 on moderate volume after the company announced it was selling its industrial solutions unit, Thermo Fluids Inc., to VeroLube for $175 million.
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