FX.co ★ Urban Outfitters Inc. Profit Advances In Q3, Beats Estimates

Urban Outfitters Inc. (URBN) announced an increase in earnings for the third quarter compared to the previous year, surpassing Wall Street forecasts. The company reported earnings of $102.91 million, or $1.10 per share, up from $83.01 million, or $0.88 per share, during the same period last year. Analysts surveyed by Thomson Reuters had anticipated earnings of $0.85 per share, typically excluding special items. Additionally, the company's revenue for the quarter grew by 6.2%, reaching $1.361 billion, compared to $1.281 billion in the prior year.

A breakdown of Urban Outfitters Inc. earnings according to Generally Accepted Accounting Principles (GAAP) is as follows:

- Earnings for Q3 stood at $102.91 million, up from $83.01 million the previous year.

- Earnings per share (EPS) for Q3 was $1.10, improved from $0.88 the previous year.

- Revenue for Q3 increased to $1.361 billion from last year's $1.281 billion.