(Seoul=Yonhap Infomax) Jang Won Lee Senior Reporter = Shares of apparel retailer Urban Outfitters Inc. (NASDAQ: URBN) soared 17% in after-hours trading, buoyed by stronger-than-expected third-quarter results.


According to CNBC on the 24th (U.S. local time), Urban Outfitters posted revenue of $1.53 billion (approximately 2.2432 trillion won) for the third quarter, surpassing market expectations of $1.47 billion.


Earnings per share (EPS) came in at $1.28, beating the market consensus of $1.20.


Urban Outfitters achieved an 'earnings beat,' exceeding Wall Street estimates for both revenue and EPS.


The company operates a diverse portfolio of brands, including Urban Outfitters, Anthropologie, and Free People.


In after-hours trading, Urban Outfitters shares were up $11.75 (17.20%) from the regular session close, trading at $80.06.



jang73@yna.co.kr


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