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PHILADELPHIA, United States — Urban Outfitters Inc. (URBN) on Monday reported fiscal third-quarter profit of $45.1 million.
The Philadelphia-based company said it had net income of 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The clothing and accessories retailer posted revenue of $892.8 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $857.5 million.
Urban Outfitters shares have dropped 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. In the final minutes of trading on Monday, shares hit $28.14, a decrease of 25 percent in the last 12 months.
