Urban Outfitters, Inc. (URBN – Analyst Report) just released their fourth quarter fiscal 2016 earnings results, posting earnings of $0.61 per share and revenue of $1.01 billion.

Currently, URBN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Urban Outfitters:                                

1. Beat earnings estimates. The company posted $0.61 per share, beating our Zacks Consensus Estimate of $0.56.

2. Missed revenue estimates. The company saw revenue figures of $1.01 billion, just missing our estimate of $1.02 billion.

3. For the year ended January 31, 2016, Urban Outfitter’s net sales increased to $3.4 billion, or 4% over the prior year. Comparable Retail segment net sales increased 2%. Wholesale segment net sales increased 15%.

4. “While apparel sales underperformed during the fourth quarter, I am pleased with the merchandise margin improvement delivered by the brands,” said Richard A. Hayne, Chief Executive Officer.  “Additionally, our expansion categories performed above our expectations and continue to give us confidence in our future growth opportunities,” finished Mr. Hayne.

5. URBN was up $1.72, or 6.11%, to $29.88 as of 4:39 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Urban Outfitter’s actual and estimate revenue of the previous five quarters:

Urban Outfitters Inc. (URBN – Analyst Report) Actual & Estimate Revenue – Last 5 Quarters | FindTheCompany

Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company’s wholesale business designs and markets young women’s casual wear which it provides to the company’s retail operations and sells to specialty retailers worldwide.