Retailer Urban Outfitters (URBN.US) saw strong performance driving its stock price up on Wednesday, surging nearly 19% to $47.65.

The company announced that net profit for the third quarter increased by 24% year-on-year to 0.103 billion US dollars, with adjusted earnings per share of 1.1 US dollars, exceeding market expectations of 85 cents. Quarterly sales increased by 6.3% to 1.36 billion US dollars, also higher than the expected 1.34 billion US dollars.