Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped nearly 6% in after-hours trading on Tuesday as the retailer reported record second-quarter sales and earnings which topped Street estimates.
For the three months ended July 31, 2023, the company reported earnings per share (EPS) of $1.10, up from $0.64 in the year-ago quarter. Analysts had expected EPS of $0.89. Revenue increased 7.5% year-over-year to $1.27 billion, ahead of estimates of $1.25 billion.
La-Z-Boy (NYSE:LZB) Incorporated stock fell 1.6% despite the furniture maker beating fiscal first-quarter expectations.
The company posted adjusted earnings of $0.62 per share on revenue of $482 million, compared to Street expectations of $0.55 per share on revenue of $474.58 million. Revenue was 20% lower year-over-year due to deliveries of pandemic-related backlog during the year-ago period.
Shares of luxury home builder Toll Brothers, Inc rose 0.6% after the company delivered a decisive fiscal third-quarter expectations beat.
The company reported revenue of $2.69 billion, up from $2.49 billion a year earlier and above expectations of $2.41 billion. Net income was $414.8 million, $3.73 per share, up significantly from $273.5 million, $2.35 per share a year ago and easily topping expectations of $2.81 per share. Delivered homes rose 5% year-over-year to 2,524 units.
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