Urban Outfitters: Fiscal 3Q Earnings Snapshot
PHILADELPHIA (AP) _ Urban Outfitters Inc. (URBN) on Monday reported fiscal third-quarter profit of $77.5 million.
On a per-share basis, the Philadelphia-based company said it had net income of 70 cents.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The clothing and accessories retailer posted revenue of $973.5 million in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $967.6 million.
Urban Outfitters shares have risen slightly more than 1 percent since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $35.52, a climb of 27 percent in the last 12 months.