[Urban Outfitters] Urban Outfitters shares jumped by as much as 10% in after-hours trading after the company reported first-quarter sales that were better than forecast. The retailer reported adjusted earnings per share of $0.25, in line with expectations, and revenues totaling $763 million, topping expectations. Analysts had estimated that the company earned revenues of $758.8 million according to Bloomberg. Same-store sales were forecast to decline 0.5% across Urban Outfitters' brands. But they rose 1%. A drop in sales had been expected amid weakening demand for apparel. Nordstrom, Macy's and Kohl reported worse-than-expected results last week. Urban Outfitters shares closed down 3% on Wednesday. Through the market close, they had climbed 8% this year.[Screen Shot 2016 05 18 at 4.24.37 PM] SEE ALSO: NO ONE IS BUYING CLOTHES ANYMORE Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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