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Urban Outfitters Tumbles After-Hours as 3Q Results Miss Expectations

Shares of Urban Outfitters (URBN) dropped nearly 9% to $35.85 in after-hours trading on Tuesday after the company reported weaker-than-anticipated results for the 2016 third quarter and a decline in sales at its Anthropologie and Free People brands.

The Philadelphia-based retailer posted adjusted earnings of 40 cents per diluted share, below the consensus estimate compiled by FactSet of 44...