UPDATE 1-Teen apparel chain Urban Outfitters profit jumps 25 pct
* Second-qtr earnings/share $0.51 vs est $0.48
* Second-qtr sales rise 12 pct to $758.5 mln
* Shares up 6 pct after market
(Adds margin details, background)
Aug 19 (Reuters) - Teen apparel retailer Urban Outfitters Inc said fewer discounts helped gross margins in the second quarter and reported a higher-than-expected profit.
Urban Outfitters, whose shares were up 6 percent in extended trading on Monday, has been faring better than rivals Abercrombie & Fitch Co and Aeropostale Inc due to its attractive pricing and fresher styles.
Analysts say the company's trendy and fashionable merchandise has helped it capture market share even in a weak consumer environment where mall traffic remains erratic and unpredictable.
Urban Outfitters reported gross margins of 39.3 percent in the quarter ended July, up from 37.6 percent a year earlier.
Net income rose to $76.4 million, or 51 cents per share, from $61.3 million, or 42 cents per share, a year earlier.
Revenue rose 12 percent to $758.5 million.
Analysts on an average were expecting second-quarter earnings of 48 cents per share on revenue of $768.1 million, according to Thomson Reuters I/B/E/S.
The Philadelphia-based company's shares were closed at $39.92 on the Nasdaq on Monday.
(Reporting by Aditi Shrivastava in Bangalore; Editing by Joyjeet Das)