Urban Outfitters Up 5.2% On Earnings Beat (URBN)

Shares of Philadelphia, Pennsylvania based Urban Outfitters, Inc. URBN are up 5.2% at $34.45 per share during after hours trading, after the company posted financial results that beat consensus Wall Street earnings estimates. Analysts covering the company's stock have a consensus price target of $39.91 per share. Urban Outfitters, Inc reported 3rd quarter earnings of 44 cents per share, on revenue of $573.59 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 42 cents per share, on revenue of $582.9 million. Glen T. Senk, chief executive officer of Urban Outfitters, Inc. (URBN), said, "We are proud to deliver record third quarter sales and earnings results. In a dynamic environment, the consistency of our performance is a reflection of our team's discipline, creativity, and skill." Read more from Benzinga's Company news.