Urban Outfitters Inc. Reports Drop In Q1 Earnings

(RTTNews) - Urban Outfitters Inc. (URBN) revealed earnings for first quarter that fell from the same period last year.

The company's profit came in at $32.58 million, or $0.31 per share. This compares with $41.26 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $864.41 million from $855.69 million last year.

Urban Outfitters Inc. earnings at a glance:

-Earnings (Q1): $32.58 Mln. vs. $41.26 Mln. last year. -EPS (Q1): $0.31 vs. $0.38 last year. -Analysts Estimate: $0.25 -Revenue (Q1): $864.41 Mln vs. $855.69 Mln last year.