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Urban Outfitters Inc. Reports Drop In Q1 Earnings

Urban Outfitters Inc. (URBN) revealed earnings for first quarter that fell from the same period last year.

The company's profit came in at $32.58 million, or $0.31 per share. This compares with $41.26 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $864.41 million from $855.69 million last year.

Urban Outfitters Inc. earnings at a glance:

-Earnings (Q1): $32.58 Mln. vs. $41.26 Mln. last year.
-EPS (Q1): $0.31 vs. $0.38 last year.
-Analysts Estimate: $0.25
-Revenue (Q1): $864.41 Mln vs. $855.69 Mln last year.

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