(AOF) – Urban Outfitters fell more than 10% after-market on Monday after gaining more than 3% in session. The American retailer focused on “lifestyle” unveiled mixed quarterly results. Its third-quarter net income rose 16% to $ 88.9 million, or 89 cents per share. Analysts were expecting 84 cents. Revenue climbed 16.5% to $ 1.13 billion. The consensus was $ 1.12 billion. But, sales of the “retail” segment increased, on a comparable basis, by 14% while the market was expecting an increase of 15.2%.
The group said double-digit growth in digital sales offset the single-digit drop in retail store sales.
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