Urban Outfitters, Inc. (URBN) just released its latest quarterly financial results, posting earnings of 38 cents per share and revenues of $856 million.Currently, URBN is a Zacks Rank #2 (Buy), but that could change based on today’s results. Shares of the company have gained about 9% over the past month but lost 2.5% during regular trading hours today.The stock is currently down 1.3% to $40.65 per share in after-hours trading shortly after its earnings report was released.Urban Outfitters:Beat earnings estimates. The company posted earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.30. Investors should note that this consensus projection has trended upward over the duration of the quarter.Beat revenue estimates. The company saw revenue figures of $855.7 million, topping our consensus estimate of $837.1 million. Total revenue was up about 12.4% year over year.Comparable Retail segment sales increased 10%. Comps were boosted by “double-digit” growth in the digital channel and positive retail store results. Comps increased 15% at Free People, 10% at Anthropologie, and 8% at Urban Outfitters.“We are pleased to report record first quarter sales driven by a 10% increase in comparable Retail segment sales and a 13% increase in wholesale sales,” said CEO Richard A. Hayne. “Even more exciting is our 280% jump in first quarter EPS, a result of strong sales, healthy margin improvement, SG&A leverage and a lower tax rate”Here’s a graph that looks at Urban’s recent earnings performance:Urban Outfitters, Inc. Price, Consensus and EPS Surprise Urban Outfitters, Inc. Price, Consensus and EPS Surprise | Urban Outfitters, Inc. QuoteUrban Outfitters is a specialty retailer and wholesaler offering a variety of lifestyle merchandise to highly defined customer niches through Urban Retail stores in the United States, Canada, and Europe; an Urban Outfitters website; Anthropologie retail stores in the United States; and Free People, the company's wholesale division.Check back later for our full analysis on URBN’s earnings report!Want more market analysis from this author? Make sure to follow @https://twitter.com/Ryan_McQueeney!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); on Twitter!The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Outfitters, Inc. (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research