Thursday May 15, 11:32 AM
Urban Outfitters 1Q profit from ops exceeds Wall Street estimates
LONDON (Thomson Financial) - Urban Outfitters Inc. said Thursday first-quarter net income from operations rose 75% to $62.9 million, or 25 cents a share, ahead of a Thomson Reuters (TRI.TO - news) mean estimate for earnings to come in at 23 cents.
The company, which operates under the Anthropology, Free People and Urban Outfitters (NASDAQ: URBN - news) brands, said revenue for the three-month period rose 25% to $394.3 million, as previously announced in a statement released May 8, compared with a Thomson Reuters mean estimate of $392.2 million.
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