By  on August 19, 2013

Urban Outfitters Inc. on Monday reported record second-quarter net income and admitted it’s on the hunt for acquisitions.

The retailer had net income of $76 million for the three months ended July 31 and net income of $123 million for the six months ended July 31. Earnings per diluted share were 51 cents for the three months and 83 cents for the six months.

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