What Happened to Urban Outfitters, Home Depot, Sina Corp
Urban Outfitters (NASDAQ:URBN)
What: yesterday Urban Outfitters Inc. released its fiscal second quarter financial results after the markets closed.
Some details: the company had $0.52 EPS on $867.5 million in revenue compared to consensus estimates from Thomson Reuters of $0.49 in EPS on $881.16 million. The same period from the previous year URBN had $0.49 in EPS on $811.25 million. Total net sales for the second quarter of fiscal 2015 increased 7% over the same quarter last year to a record $867.5 million. During the six months ended July 31, 2015, Urban Outfitters opened a total of 13 new stores.
Richard A. Hayne, CEO of Urban Outfitters, said: We are pleased to announce record sales for the second quarter driven by positive retail segment comp growth at each brand. Without question, the brands’ strong execution of our long-term strategy helped fuel that sales growth and laid the groundwork for future increases, as well.
Shares of Urban Outfitters closed Monday down 0.3% at $32.23 on its 52-week trading range of $27.89 to $47.25. Following the release of the earnings report, shares were up 5.8% at $34.09 in the after-hours trading session.
Home Depot (NYSE:HD)
What: Home Depot reported second-quarter earnings that met Wall Street expectations and raised its guidance outlook for the year.
Some details: Home Depot’s net income rose to $2.23 billion and $1.73 per share, in the quarter ended Aug. 2 from $2.05 billion, or $1.52 per share, a year earlier. Net sales rose by 4.3% to $24.83 billion, beating analysts’ estimate of $24.69 billion, according to Thomson Reuters. Up to Monday’s close, the stock had risen nearly 14 percent this year. Sales at U.S. stores opened the last year were up 5.7% from the same-period last year and moreover shares fell 0.6% to $119.00 in pre-market trading.
Sina Corp. (NASDAQ:SINA)
What: Tonight SINA will report earnings for its Q2 2015 after the closing bell.
Some details: Sina Corporation has received a short term rating of hold from research analysts at Zacks and for 7 Brokerage firms, analysts have agreed with the mean estimate for the short term price target of $54.86. However, the stock price could fluctuate by $9.46 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $66 and the price target with the lower price estimate is calculated at $44.