Pursuits
Urban Outfitters Plunges as Anthropologie Drags Down Results
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Urban Outfitters Inc.’s stock suffered its worst day in more than three years after a slump at its Anthropologie unit dragged down results.
Earnings slipped to 25 cents a share last quarter, the Philadelphia-based company said on Monday, missing the 30 cents projected by analysts. Revenue amounted to $739 million in the period, short of the $757.6 million projection.