UPDATE: Urban Outfitters Posts Downbeat FQ3 Profit
Urban Outfitters (NASDAQ: URBN) reported a rise in its fiscal third-quarter profit.
Urban Outfitters' quarterly profit climbed to $59.5 million, or $0.40 per share, versus $50.7 million, or $0.33 per share, in the year-earlier period.
Its revenue surged to $692.9 million from $609.9 million, while same-store sales dropped 1%. However, analysts were expecting earnings of $0.41 per share on revenue of $693.1 million.
Urban Outfitters shares fell 1.13% to $36.65 in after-hours trading.
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