Urban Outfitters Rising After Earnings Report (URBN)

Retailer Urban Outfitters URBN released its second-quarter earnings results this afternoon after the closing bell. The company reported net income of $71.65 million or $0.42 per share, versus $49.02 million or $0.29 per share, in the year ago period. This beat analysts' consensus EPS estimates of $0.39. Net sales came in at $552.15 million compared to $458.62 million in the second quarter of 2009. This exceeded analysts' revenue estimates of $542.09 million. In the after hours trading session, URBN shares have gained 2.84% to $32.25.