Urban Outfitters fell 5.3 percent to $27.93 in after-hours trading after fourth-quarter earnings missed Wall Street estimates. Net income in the three months ended Jan. 31 fell 48 percent to $39.3 million, or 27 cents a share, from $75.2 million, or 45 cents, a year earlier. The mean estimate was 29 cents a share.

On the bright side, the retailer reported better pricing. “Our rate of full-priced selling has improved from fourth-quarter levels as we seek to re-establish our historic full-price selling penetration,” CEO Richard Hayne said.