Urban Outfitters Inc. Q4 adjusted earnings Beat Estimates

Urban Outfitters Inc. (URBN) reported earnings for its fourth quarter that increased from the same period last year.

The company's profit came in at $28.57 million, or $0.29 per share. This compares with $19.54 million, or $0.20 per share, in last year's fourth quarter.

Excluding items, Urban Outfitters Inc. reported adjusted earnings of $29.29 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.8% to $1.09 billion from $1.17 billion last year.

Urban Outfitters Inc. earnings at a glance:

-Earnings (Q4): $29.29 Mln. vs. $49.07 Mln. last year.
-EPS (Q4): $0.30 vs. $0.50 last year.
-Analysts Estimate: $0.28
-Revenue (Q4): $1.09 Bln vs. $1.17 Bln last year.

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