05:45 AM EDT, 05/22/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Urban Outfitters ( URBN ) shares jumped 6.7% in premarket activity on Wednesday after the company reported higher earnings and sales for fiscal Q1.

The company reported fiscal Q1 adjusted earnings late Tuesday of $0.69 per diluted share, up from $0.56 a year earlier.

Analysts polled by Capital IQ expected $0.53.

Sales for the quarter ended April 30 was $1.2 billion, up from $1.11 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.18 billion.

Price: 43.99, Change: +2.67, Percent Change: +6.46