Urban Outfitters Inc. (URBN) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $108.35 million, or $1.16 per share. This compares with $61.77 million, or $0.65 per share, last year.
Analysts on average had expected the company to earn $0.83 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.8% to $1.329 billion from $1.200 billion last year.
Urban Outfitters Inc. earnings at a glance (GAAP) :
-Earnings: $108.35 Mln. vs. $61.77 Mln. last year.
-EPS: $1.16 vs. $0.65 last year.
-Revenue: $1.329 Bln vs. $1.200 Bln last year.
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