Urban Outfitters stock surges on Q1 earnings beat

The Yahoo Finance Live team discusses shares of Urban Outfitters surging after the company's Q1 earnings report.

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- Shares of Urban Outfitters, let's talk about that too. They're also jumping after the company beats estimates on the top and bottom line with sales at free people and anthropology increasing by double digits. So this, obviously, continuing on the theme here of these specialty retailers that performed better.

It's also, by the way, continuing the theme of maybe a little short covering. 15% of the float of Urban Outfitters is also shorted. So maybe similar short covering here.

- Indeed. All right. And a programming note on this, Brian Sozzi will be speaking to Abercrombie and Fitch CEO, Fran Horowitz. That interview will air in 3 to 5 show. You do not want to miss that.