Urban Outfitters shares rose 9% in after-hours trading Wednesday after the company reported first-quarter earnings of $1.16 per share, surpassing the Street estimate of 82 cents. Revenue reached a record $1.33 billion, beating expectations of $1.28 billion. CEO Richard Hayne said record first-quarter revenue and profit reflect strong sales and profitability across all brands, reinforcing confidence in the company’s strategy. Anthropologie led with 6.9% comparable sales growth, followed by Free People at 3.1% and Urban Outfitters at 2.1%. Urban Outfitters stock rose 9.09% in after-hours trading Wednesday, according to Benzinga Pro.
