Urban Outfitters: Fiscal 2Q Earnings Snapshot
PHILADELPHIA (AP) _ Urban Outfitters Inc. (URBN) on Tuesday reported fiscal second-quarter net income of $92.8 million.
On a per-share basis, the Philadelphia-based company said it had net income of 84 cents.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The clothing and accessories retailer posted revenue of $992.5 million in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $977.2 million.
Urban Outfitters shares have risen 36 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 7 percent. In the final minutes of trading on Tuesday, shares hit $47.60, more than doubling in the last 12 months.