Urban Outfitters Inc. Q3 Income Drops, misses estimates

(RTTNews) - Urban Outfitters Inc. (URBN) released a profit for third quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $37.23 million, or $0.40 per share. This compares with $88.86 million, or $0.89 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $1.18 billion from $1.13 billion last year.

Urban Outfitters Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $37.23 Mln. vs. $88.86 Mln. last year. -EPS (Q3): $0.40 vs. $0.89 last year. -Analyst Estimates: $0.41 -Revenue (Q3): $1.18 Bln vs. $1.13 Bln last year.