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Urban Outfitters (URBN) Stock Soars in After-Hours Trading on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Urban Outfitters (URBN) were jumping 9.7% to $34.27 in after-hours trading on Tuesday after the company posted better-than-anticipated results for the 2017 fiscal second quarter.

After today's closing bell, the Philadelphia-based retailer reported earnings of 66 cents per diluted share, surpassing analysts' estimates of 56 cents per share.

Revenue increased 3% to $890.6 million, above Wall Street's forecasts of $886.8 million.

"I am pleased to announce our teams delivered record second quarter sales and earnings per share," CEO Richard Hayne said in a...