Urban Outfitters Inc. Q3 Earnings Drop

(RTTNews) - Urban Outfitters Inc. (URBN) released a profit for third quarter that fell from the same period last year.

The company's profit came in at $55.65 million, or $0.56 per share. This compares with $77.52 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $987.47 million from $973.53 million last year.

Urban Outfitters Inc. earnings at a glance:

-Earnings (Q3): $55.65 Mln. vs. $77.52 Mln. last year. -EPS (Q3): $0.56 vs. $0.70 last year. -Analysts Estimate: $0.57 -Revenue (Q3): $987.47 Mln vs. $973.53 Mln last year.