Urban Outfitters Inc. said its normalized net income for the fiscal second quarter ended July 31 was 50 cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.
EPS increased 5.2% year over year from 48 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $65.1 million, a decrease from $66.2 million in the year-earlier period.
The normalized profit margin dropped to 7.5% from 8.2% in the year-earlier period.
Total revenue rose 6.9% on an annual basis to $867.5 million from $811.3 million, and total operating expenses increased 8.2% year over year to $763.7 million from $706.1 million.
Reported net income came to $67.1 million, or 52 cents per share, compared to $67.7 million, or 49 cents per share, in the year-earlier period.