BMC Lowers EPS on Urban Outfitters, Maintains Hold (URBN)

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.