— Urban Outfitters, Inc. (NASDAQ:URBN) reported earnings of $0.50 per share in the fourth quarter of 2020 vs. $0.63 per share expected.
— Q4 net sales grew 3.6% to $1.17 billion, in line with Wall Street projection.
— Comparable Retail segment net sales increased 4%, driven by growth in the digital channel.
— Total retail segment net sales increased 4%, while wholesale segment net sales decreased 10% in Q4.
— URBN shares tumbled 5.8% during after-market hours on Tuesday.
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption