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.
