Urban Outfitters, Inc. (NASDAQ:URBN) announced that its latest quarterly earnings results were better than expected, but shares still dropped after the bell Tuesday.

The company announced adjusted earnings of 38 cents per share

, which was better than the Wall Street consensus estimate of 30 cents per share, which would’ve been a 131% increase compared to the year-ago period. Revenue was slated to increase 10% year-over-year to $837 million and the company topped this by bringing in revenue of $837 million.

Urban Outfitters also saw its same-store sales grow by 10%, beating the 8.3% gain that analysts were calling for the company to rake in, according to Consensus Metrix. The retailer’s flagship brand experienced an 8% increase, beating the 7.7% that analysts were expecting, while Anthropologie gained 10% in same-store sales, better than the 10% that Wall Street projected.

Free People’s same-store sales were up by 15%, better than the 9.5% that Wall Street was calling for.”We are pleased to report record first quarter sales driven by a 10% increase in comparable Retail segment sales and a 13% increase in wholesale sales,” said Urban Outfitters CEO Richard Hayne in a statement.

“Even more exciting is our 280% jump in first quarter EPS, a result of strong sales, healthy margin improvement, SG&A leverage and a lower tax rate.”

URBN stock was down about 2.6% during regular trading hours, while also falling more than 0.9% after the bell Tuesday.