Stocks making the biggest moves premarket: Target, Lowe's, Urban Outfitters, Tesla & more
– Urban Outfitters reported quarterly profit of 61 cents per share, 3 cents a share above estimates. Both revenue and comparable-store sales came in below Wall Street forecasts, however, as digital sales growth did not offset declines at the company's Urban Outfitters, Anthropologie, and Free People stores.
– The children's apparel retailer earned an adjusted 19 cents per share for its latest quarter, a penny a share above estimates. Revenue was below forecasts, however, and comparable-store sales were down 3.8%, matching analysts' projections. Children's Place also cut its full-year forecast, as it works through a decrease in traffic, an increase in promotional activity, and pressure from the Gymboree liquidation.
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