PHILADELPHIA (AP) — PHILADELPHIA (AP) — Urban Outfitters Inc. (URBN) on Wednesday reported fiscal first-quarter profit of $115.7 million.
On a per-share basis, the Philadelphia-based company said it had profit of $1.30.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The clothing and accessories retailer posted revenue of $1.48 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.46 billion.
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