Urban Outfitters Inc. Q4 Profit Increases, but misses estimates

Urban Outfitters Inc. (URBN) revealed earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $40.95 million, or $0.41 per share. This compares with $28.57 million, or $0.29 per share, in last year's fourth quarter.

Excluding items, Urban Outfitters Inc. reported adjusted earnings of $40.95 million or $0.41 per share for the period.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.0% to $1.33 billion from $1.09 billion last year.

Urban Outfitters Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $40.95 Mln. vs. $28.57 Mln. last year.
-EPS (Q4): $0.41 vs. $0.29 last year.
-Analyst Estimate: $0.50
-Revenue (Q4): $1.33 Bln vs. $1.09 Bln last year.

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