BMC lowered its earnings per share estimates on Urban Outfitters URBN for the next two years. After disappointing Q1 results, BMC reduced its earnings per share estimates for 2012 from $1.71 to $1.62 and for 2013 from $2.05 to $2.01.
On Monday, Urban Outfitters lost 1.01% of its value to close the day at $32.29. Its shares rebounded in today's pre-market trading, however, rising 1.11% to $32.65.
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