Urban Outfitters Q3 results beat, and execs are ‘confident’ about the holidays

Shares of Urban Outfitters Inc. rose after hours on Tuesday after the hipster-leaning clothing retailer reported third-quarter results that beat expectations — helped by wealthier shoppers at its Anthropologie and Free People stores — and executives signaled optimism for the holidays and rebounding demand.

Urban Outfitters URBN — which along with its namesake stores runs Anthropologie and Free People — reported net income of $83 million, or 88 cents a share, compared with $37.2 million, or 40 cents a share, in the same quarter…