Urban Outfitters ( URBN) said second-quarter profit jumped 98% from a year ago and the company also beat the analyst consensus earnings estimate by 2 cents a share.

The Philadelphia-based retailer earned $6.3 million, or 32 cents a share, nearly double the $3.2 million, or 18 cents a share, from last year. Analysts surveyed by First Call/Thomson Financial had predicted the company would earn 30 cents.

Revenue for Urban Outfitters, which also runs the Anthropologie retail store chain and owns the Free People wholesale line, rose 26% to $101 million from $80.4 million last year.

The company's direct-to-consumer sales generated a 61% revenue increase, due in part to orders from a new "Summer Essentials" catalogue from Anthropologie and continually steady sales from urbn.com.

"Our gross profit margins improved significantly while selling, general and administrative expenses leveraged," according to Richard A. Hayne, President of Urban Outfitters. "The initial sales of our fall merchandise continue to exceed our conservative plan, and we remain optimistic about the fall selling season," he said in a press release.

Analysts polled by First Call predict Urban Outfitters' EPS to be 35 cents a share for its third quarter.

More from Technology

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation