Urban Outfitters earnings beat, but revenue trails


Urban Outfitters delivered quarterly earnings that handily topped analysts' expectations on Monday, but revenue came up short.

After the earnings announcement, the retailer's shares dropped mare than 2 percent after-hours trading.

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An Urban Outfitters store in San Francisco, California.
David Paul Morris | Bloomberg | Getty Images

The company posted fourth-quarter earnings excluding items of 59 cents per share on $906 million in revenue.

Analysts had expected the company to report earnings excluding items of 54 cents a share on $926 million in revenue, according to a consensus estimate from Thomson Reuters.

Last month, the retailer said comparable-store sales, which includes its online and catalog sales, rose 1 percent.

Meanwhile, that key measurement gained 20 percent at Free People and 10 percent at Anthropologie but fell 9 percent at the namesake chain.

(Read more: Athletic apparel race heats up with new competitor)

The Philadelphia-based company also stepped into the athletic apparel market with the launch of its new Without Walls brand.

It opened five stores in New York and California and said it plans to launch five more later this year.

Urban Outfitters owns the BHLDN and Terrain brands.

—By CNBC's Karma Allen. Follow him on Twitter @iam_karma.