Urban Outfitters’ profit tumbled 20 percent last quarter. The teen retailer and parent company of Free People and Anthropologie reported higher expenses that overshadowed a rise in revenue. But sales at its namesake brand continued to decline. Shares were lower after the close. During the regular session the stock was off slightly to $36.17
Shares of InterMune jumped on positive drug data. The company said that its experimental medicine to treat a fatal lung disorder had positive results in a late-stage trial. The drug maker will resubmit the treatment for approval in the U.S. The stock surged almost 13.5 percent to $38.92.
Campbell Soup posted weaker than expected quarterly sales as increased promotions failed to drive growth in its soup unit. The company lowered its full-year earnings guidance. That outlook disappointed investors and shares fell more than two percent to $44.06.
Going to “the happiest place on earth” just got a bit more expensive. Disney raised the price of a Disneyland single-day California park pass by $4 to $96. The cost of parking and annual passes are up as well. Shares of Disney rose a fraction to $81.05.
Deutsche Bank revealed plans to raise $11 billion in new capital from investors and the royal family of Qatar in an effort to strengthen its balance sheet. The move comes amid uncertainty about the cost of regulations and the need for funds to expand its investment banking business. Shares fell more than one percent to $41.66.