Urban Outfitters Jumps on Q2 Earnings Results

Shares of Urban Outfitters URBN are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 5.76%, trading at $31.40; they ended the regular session higher by 0.03%, at $29.69. Urban Outfitters reported Q2 EPS of $0.35 on revenues of $609.2 million; the Street was looking for $0.33 per share on revenues of $603.5 million. Revenues increased 10.3% year over year. "We remain confident in our strategies and believe we made great executional progress during the quarter," said Chief Executive Officer, Glen T. Senk. "We anticipate gradual improvements in our comparable sales over the balance of the fiscal year and into Spring 2012," Mr. Senk finished. Urban Outfitters, Inc. is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People, Terrain, Leifsdottir and BHLDN brands.