Urban Outfitters Beats Expectations, Follows The Greater Retail Trend

Urban Outfitters, Inc. 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.