NEW YORK (TheStreet) -- Shares of Urban Outfitters (URBN) - Get Report were jumping 9.7% to $34.27 in after-hours trading on Tuesday after the company posted better-than-anticipated results for the 2017 fiscal second quarter.

After today's closing bell, the Philadelphia-based retailer reported earnings of 66 cents per diluted share, surpassing analysts' estimates of 56 cents per share.

Revenue increased 3% to $890.6 million, above Wall Street's forecasts of $886.8 million.

"I am pleased to announce our teams delivered record second quarter sales and earnings per share," CEO Richard Hayne said in a statement, "These results were driven by a positive Retail segment 'comp' and substantial improvement in merchandise margins."

Comparable-store sales rose 1% during the quarter. Comparable-store sales climbed 5% at Urban Outfitters, were flat at Free People and fell 3% at Anthropologie.

About 3.31 million of the company's shares were traded so far today vs. its average 30-day volume of 1.84 million shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels.

But the team also finds weaknesses including deteriorating net income and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: URBN

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