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Urban Outfitters Gains After Profit Tops Estimates

Urban Outfitters Inc. surged in late trading after posting second-quarter profit that topped analysts’ estimates as sales gained at all of its main brands.

The shares climbed 17 percent to $36.45 at 5:53 p.m. in New York. The Philadelphia-based retailer had gained 13 percent this year through the close of regular trading today.