Urban Outfitters rises aftermarket as 4th-quarter profit tops Wall Street expectations

Urban Outfitters Inc. shares rose Monday after the retailer's fiscal fourth-quarter results surpassed Wall Street estimates.

The Philadelphia-based clothing and accessories retailer said its net income totaled $80.3 million, or 60 cents per share, in the quarter that ended on Jan. 31. Analysts expected Urban Outfitters to report a profit of 57 cents per share, according to Zacks Investment Research.

Still, Urban Outfitters said its profit was hurt by lower initial prices on its merchandise and larger discounts.

Revenue was $1.01 billion, matching analysts' estimate.

For the year, the company behind Urban Outfitters, Anthropologie and Free People reported a profit of $232.4 million, or $1.68 per share, on $3.32 billion in revenue. The company's fiscal fourth quarter ended on Jan. 31.

Shares rose $1.08, or 2.7 percent, to $40.59 in aftermarket trading Monday. The stock has closed at $39.51 Monday, up 12 percent in 2015 while the Standard & Poor's 500 index has added 1 percent.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on URBN at http://www.zacks.com/ap/URBN

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Keywords: Urban Outfitters, Earnings Report