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Urban Outfitters Inc. Q2 Profit Drops

Urban Outfitters Inc. (URBN) released a profit for second quarter that fell from the same period last year.

The company's earnings came in at $60.32 million, or $0.61 per share. This compares with $92.81 million, or $0.84 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.0% to $962.33 million from $992.45 million last year.

Urban Outfitters Inc. earnings at a glance:

-Earnings (Q2): $60.32 Mln. vs. $92.81 Mln. last year.
-EPS (Q2): $0.61 vs. $0.84 last year.
-Analysts Estimate: $0.58
-Revenue (Q2): $962.33 Mln vs. $992.45 Mln last year.

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