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Urban Outfitters profit falls 9.5%

2015-03-10 00:07:13| Apparel - Topix.net

Urban Outfitters Inc. said its earnings fell 9.5% as stronger sales were offset by increased expenses and weaker margins, which were mostly caused by higher markdowns during a highly promotional holiday quarter for retailers. Shares rose 2.9% to $40.64 in recent after-hours trading as per-share earnings beat expectations and Urban Outfitters Chief Executive Richard Hayne offered a sign of encouragement for the current quarter.

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