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Posted by
Two Blokes May 22 -
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Stock
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Urban Outfitters, Inc. (NASDAQ:URBN) shares jumped 22% on Thursday morning after the apparel retailer reported better-than-expected earnings and revenue for its fiscal first quarter, driven by strong performance across all its brands and a sharp rise in profitability. The company posted net income of $108.3 million, up 75.3% from the year-ago period, while revenue climbed 10.7% to a record $1.33 billion, beating Wall Street expectations of $1.29 billion.
