Monday, August 19, 2013

Reuters: Hot Stocks: Teen apparel chain Urban Outfitters profit jumps 25 pct

Reuters: Hot Stocks
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Teen apparel chain Urban Outfitters profit jumps 25 pct
Aug 19th 2013, 20:12

Mon Aug 19, 2013 4:12pm EDT

Aug 19 (Reuters) - Teen apparel retailer Urban Outfitters Inc reported a 25 percent jump in quarterly profit.

Net income rose to $76.4 million, or 51 cents per share, in the second quarter from $61.3 million, or 42 cents per share, a year earlier.

Revenue rose 12 percent to $758.5 million.

Urban Outfitters shares were up 6.5 percent in extended trading after closing at $39.92 on the Nasdaq on Monday. (Reporting by Aditi Shrivastava in Bangalore; Editing by Joyjeet Das)

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