PHILADELPHIA (AP) — PHILADELPHIA (AP) — Urban Outfitters Inc. (URBN) on Wednesday reported fiscal fourth-quarter net income of $96.3 million.
On a per-share basis, the Philadelphia-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, came to $1.43 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The clothing and accessories retailer posted revenue of $1.8 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.79 billion.
For the year, the company reported profit of $464.9 million, or $5.06 per share. Revenue was reported as $6.17 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on URBN at https://www.zacks.com/ap/URBN
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