Urban Outfitters, Inc. (NASDAQ: URBN) released its
Q2 results after market close on Tuesday. Earnings per share came in above Wall Street consensus expectations, sending shares
higher.
Urban Outfitters reported EPS of $0.66 and revenues of $891 million. Analyst consensus had an EPS estimate of $0.56 and revenues
of $886.8 million.
Comparable Retail segment net sales increased by 1 percent overall.
"I am pleased to announce our teams delivered record second quarter sales and earnings per share," said Richard A. Hayne, Chief
Executive Officer. "These results were driven by a positive Retail segment 'comp' and substantial improvement in merchandise
margins."
At time of writing, Urban Outfitters traded at $33.80 in Tuesday's after-hours session, up 8.2 percent.
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