First-quarter profit at Urban Outfitters jumped 72 percent and nearly topped market estimates, but investors expecting more pulled the stock down 6.7 percent.

The company, which pre-announced strong sales last week, also did not give out much color on quarterly trends till date, prompting some squeamishness about future performance.

Shares fell $2.63 to $36.78.

The retailer expects to open roughly 45 new stores during the fiscal year.