continued to glitter Thursday after saying fourth-quarter earnings surged 72% from a year ago, beating Wall Street estimates.
The hip clothes purveyor earned $31.7 million, or 38 cents a share, in the quarter, compared with $18.4 million, or 22 cents a share, a year earlier. Sales rose 43% from a year ago to $251.6 million. Analysts surveyed by Thomson First Call had been forecasting earnings of 37 cents a share on sales of $251.4 million.
The stock, which is up 7% this year and 159% since the start of 2004, recently added 46 cents, or 1%, to $47.98 in Instinet premarket trading.
By division, the company said quarterly same-store sales rose 10% from a year ago at its Urban Outfitters stores; it rose 17% from a year ago at its Anthropologie stores; and it rose 58% from a year ago at its Free People stores.
``Looking forward, customer reaction to our spring assortments at all of our brands are strong, and February comparable-store sales continued to significantly exceed our plan," the company said in a release. "As such, we remain cautiously optimistic about our spring results.''