Urban Outfitters profit up 8%, shares jump 11%
8/20/12 4:23 PM ET (MarketWatch)
SAN FRANCISCO (MarketWatch) -- Urban Outfitters Inc. reported late Monday a second-quarter profit rose 8% to $61.3 million, or 42 cents a share, from $56.7 million, or 35 cents a share, a year ago. Revenue for the three months ended July 31 rose 11% to $676.3 million from $609.2 million. Analysts surveyed by FactSet had predicted the Philadelphia-based retailer would post earnings of 33 cents a share on $672 million in sales. Urban Outfitter shares jumped as much as 11.5% on the results in after-hours trade.