Urban Outfitters Inc (URBN)

[TOUCAN]

$URBN shares rally after hours

http://www.nasdaq.com/symbol/urbn/after-hours

http://finance.yahoo.com/news/urban-outfitters-shares-rally-hours-204253363.html;_ylt=AqcaHI5WNQh0gOINgB9o0OCiuYdG;_ylu=X3oDMTNyN3JxanBrBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDZDYxMTczZGYtMjRkNi0zODYwLTk1ZDQtMzc5OGI1ZDA0OTNhBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzBjYTk2MzkwLWViMGYtMTFlMS04ZmM1LWEwYTg2MGQzM2Q0MQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

LOS ANGELES (MarketWatch) — Shares of Urban Outfitters Inc. surged late Monday, with the rally set off after the apparel and accessories retailer’s quarterly results came in above Wall Street’s forecasts.
Urban Outfitters Urban Outfitters.

Urban Outfitters (URBN) shares climbed 13% to $35.30 as the company said second-quarter profit rose 8% to $61.3 million, or 42 cents a share, better than the FactSet consensus estimate of 33 cents a share. Revenue rose 11% from a year ago to $676.3 million, higher than the $672 million in sales analysts had anticipated.

In the year-ago period, earnings at the Philadelphia-based company were $56.7 million, or 35 cents a share, on revenue of $609.2 million.

Shares of the company through the end of the regular session had gained 21% over the past 12 months.

In the broader market, U.S. stocks pared losses after posting six weeks of gains, and ahead of housing data and minutes from the Federal Reserve’s most recent meeting due later this week.

The Dow Jones Industrial Average (^DJI) lost 4 points to 13,271.64. The S&P 500 Index (^GSPC) and the Nasdaq Composite Index (^IXIC) each fell less than 1 point.