Urban Outfitters Reports Record Sales, Beats On Earnings

Retailer Urban Outfitters Inc. reported record sales Monday and beat analysts' earnings expectations, pushing the stock higher in late trading. The company reported profit of $66.8 million, or 53 cents a share, on sales of $867.5 million. Analysts surveyed by FactSet expected earnings of 49 cents a share, on sales of $882 million. Shares gained about 5% in the extended trading session in moderate volume, after closing with a 0.2 percent decline at $32.25.