Urban Outfitters Tops Forecasts
Urban Outfitters is gaining after second-quarter earnings beat expectations.
NEW YORK (
) --
Urban Outfitters
(URBN) - Get Report
second quarter topped Wall Street's estimates, sending shares gaining in after-market trading.
During the quarter, Urban Outfitters earned $71.7 million, or 42 cents a share, a 46% surge over $49 million, or 29 cents, in the year-ago period for the specialty retailer.
Urban Outfitters sales grew 20% to $552.2 million from $458.6 million, while same-store sales rose 11%.
Analysts were calling for a profit of 39 cents on revenue of $542.1 million for Urban Outfitters.
-- Reported by Jeanine Poggi in New York.
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