Urban Outfitters (URNB) Earnings: Will Apparel Retailer Beat Second Quarter Expectations? [VIDEO]

By @JessicaMenton j.menton@ibtimes.com on
On the earnings calendar, retailer Urban Outfitters (Nasdaq: URNB) is expected to report second quarter earnings after the bell on Monday. Reuters

Wall Street was flat on Monday, as investors look ahead to Wednesday’s release of the Federal Reserve’s latest minutes from its July policy meeting.

On the earnings calendar, the only S&P 500 company scheduled to report results is retailer Urban Outfitters (Nasdaq: URNB) after the bell on Monday. The retailer is forecast to report second quarter earnings of 48 cents per share on revenue of $768.1 million, according to analysts polled by Reuters. During the same period a year-ago, Urban reported earnings of 42 cents per share on revenue of $676.27 million.

Shares of Urban Outfitters Inc. edged up 0.20 percent to $39.82 in afternoon trade.

On Wednesday, apparel retailer American Eagle Outfitters (NYSE: AEO) issues results, while Abercrombie & Fitch Co. (NYSE: ANF) and Aeropostale Inc. (NYSE: ARO) report on Thursday.

The Dow Jones industrial average fell 29.26 points or 0.19 percent, to 15,052.21. The S&P 500 Index was down 4.13 points or 0.25 percent, to 1,651.69. The Nasdaq Composite added 9.69 points, or 0.27 percent, to 3,612.46.

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