Urban Outfitters Soars on Q2 Earnings and 2 More Heavily Traded Stocks to Follow
Urban Outfitters (NASDAQ:URBN): Closing price $43.19
Urban Outfitters shares are up nearly 10 percent in late afternoon trading Tuesday after the retailer posted impressive second-quarter earnings on Monday. Profit jump by 25 percent year-over-year to $76.4 million, or 51 cents per share for the second quarter, ahead of a consensus for earnings of 48 cents. Even though the company faced a challenging retail environment, revenue spiked to $758.5 million in the quarter, up from $676.3 million in 2012. The retailer’s second-quarter same-store sales were also strong, growing by 9 percent during the period, aided by steady sales across all of its brands.
AT&T Inc. (NYSE:T): Closing price $33.87
On Tuesday, AT&T and the Environmental Defense Fund unveiled a suite of tools that domestic commercial buildings can employ to collectively save as much as 28 billion gallons of water each year, which is equivalent to the amount of water that over 765,000 Americans use at home annually. Buildings having cooling towers typically use 28 percent of their daily water use for cooling, but they have a way to lower that water demand by 14-40 percent with this toolkit.
Staples Inc. (NASDAQ:SPLS): Closing price $16.84
Staples reported Tuesday that it has recycled 350 million ink and toner cartridges since 2005, averaging in excess of 60 million cartridges per year for the past three years. Via the cartridge recycling program, Staples has recycled 182 million pounds of plastics and metals, which is about the equivalent weight of an aircraft carrier or 400 times the Statue of Liberty. When they use Staples’ ink and toner cartridge recycling program, customers receive $2 back in Staples Rewards per recycled cartridge with a limit of 10 per month.