{"id":30033,"date":"2012-08-22T12:28:07","date_gmt":"2012-08-22T16:28:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=30033"},"modified":"2012-08-22T12:28:09","modified_gmt":"2012-08-22T16:28:09","slug":"video-urban-outfitters-gets-boost-on-positive-second-quarter-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/22\/video-urban-outfitters-gets-boost-on-positive-second-quarter-earnings\/","title":{"rendered":"VIDEO: Urban Outfitters Gets Boost on Positive Second Quarter Earnings"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v49518f7535d3465eb5cfac07ea9ad39bb9d360ab&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v49518f7535d3465eb5cfac07ea9ad39bb9d360ab&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Urban Outfitters (NYSE:URBN) announcing its second quarter results this morning. The retailer posted an EPS of 42 cents per share, above the street&#8217;s estimate of 33 cents. Revenue for the quarter rose to $676 million, also beating the average analyst estimate of $671.58 million.The boost in profit could be due to the company rehiring co-founder Richard Hayne as chief executive officer this past January. He was brought aboard to turn around Urban&#8217;s business after increased discounts caused profits to shrink.Online sales also rose for the quarter with Urban increasing its web-exclusive offerings by 75% from last year. This brought direct-to-consumer sales higher by 30%, which was a big contribution to its profit.Urban Outfitters is surging in early trading, up over 15% to $36.18.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/22\/1_9yqzjmvv_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/22\/1_9yqzjmvv_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Urban Outfitters (NYSE:URBN) announcing its second quarter results this morning. The retailer posted an EPS of 42 cents per share, above the street&#8217;s estimate of 33 cents. Revenue for the quarter rose to $676 million, also beating the average analyst estimate of $671.58 million.The boost in profit could be due to the company rehiring co-founder &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/22\/video-urban-outfitters-gets-boost-on-positive-second-quarter-earnings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Urban Outfitters Gets Boost on Positive Second Quarter Earnings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30033","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=30033"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=30033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=30033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=30033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}