Thursday, May 10, 2007

Urban Outfitters net rises, lower taxes help

(Reuters) - But earnings came in below analysts' expectations, when excluding a 3-cent-per-share benefit from a lower tax rate, and the company's stock fell as much as 5.6 percent.

The operator of the Anthropologie, Free People and Urban Outfitters chains said on Thursday that it earned $29.4 million, or 17 cents per share, in the first quarter, up from $20.3 million, or 12 cents per share, a year earlier.


Read more at Reuters.com Business News

No comments: