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Urban Outfitters, Inc. URBN shares traded higher on Wednesday following the release of the company’s third-quarter earnings report, which exceeded expectations. Here’s what you need to know. What To Know: Urban Outfitters reported third-quarter earnings per share of $1.10, beating estimates of 89 cents. Revenue came in at $1.36 billion, up 6.3% year-over-year and ahead of the consensus estimate of $1.32 billion. The company posted net income of $102.9 million for the quarter, compared to $83 million a year ago. Retail net sales rose 3.2%, with comparable retail sales up 1.5%. Anthropologie and Free People brands reported comparable sales growth of 5.8% and 5.3%, respectively, while Urban Outfitters brand sales fell 8.9%. See More: These Analysts Increase Their Forecasts On Urban Outfitters After Q3 Results Nuuly, the company's subscription rental service, grew sales by 48.4%, supported by a 51% increase in active subscribers. Wholesale revenue increased 17.4%, driven by a 20.3% rise in Free People wholesale sales, partially offset by declining Urban Outfitters wholesale revenue. Gross profit for the quarter rose 9.4% to $497.3 million, with a 105-basis-point improvement in gross margin due to higher merchandise markups and fewer markdowns at Urban Outfitters. Operating expenses increased 6.7%, reflecting higher marketing and store payroll costs. “These results were driven by outperformance across all three business segments – Retail, Subscription and Wholesale. Additionally, we’re optimistic about the outlook for Holiday demand and believe total comparable sales could be similar to our third quarter results,” said Richard Hayne , CEO of Urban Outfitters. The company ended the quarter with $182.5 million in cash, $340.4 million in marketable securities and a 10% inventory increase, largely due to early holiday merchandise shipments and higher sales expectations. Following the print, several analysts raised price targets, which appears to have helped push shares higher on Wednesday. Citigroup analyst Paul Lejuez upgraded Urban Outfitters from Neutral to Buy and raised the price target from $42 to $59. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform and raised the price target from $44 to $46. BofA Securities analyst Lorraine Hutchinson maintained a Buy and raised the price target from $46 to $53. Barclays analyst Adrienne Yih maintained an Overweight and raised the price target from $43 to $51. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight and raised the price target from $40 to $48. URBN Price Action: Urban Outfitters shares closed Wednesday up 18.3% at $47.49, according to Benzinga Pro. Read Next: Boeing Faces Heat From ‘Frustrated’ Emirates Over $52 Billion Aircraft Delays Image Via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Oscar Health COO Steven Wolin sells $353,955 in stockReigning state champ Owyhee starts the season as the heavy favorite for another title, according to the first Idaho boys basketball state media poll released Tuesday. The Storm received 8-of-9 first-place votes in the season-opening poll, finishing well ahead of Madison and Coeur d’Alene in the 6A classification. Preston (5A), Bonners Ferry (4A), West Side (3A), Kamiah (2A) and Rockland (1A) also topped their respective division’s rankings. See the full 6A to 1A rankings below. Top 20 boys basketball players to watch this year. See who made the Southwest Idaho list Idaho high school girls basketball rankings: Who’s No. 1 in the first poll of the season?love fun 。

Alkermes SVP Nichols sells $151,813 in stockNone

Lintratek: Commercial Mobile Signal Booster for Cargo Ship 12-02-2024 10:18 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire As is well known, large ocean-going ships typically use satellite communication systems while at sea. However, when ships approach ports or shorelines, they often switch to cellular signals from terrestrial base stations. This not only reduces communication costs but also ensures more stable and superior signal quality compared to satellite communication. Image: https://www.lintratek.com/uploads/Cargo-Ship.png Although base station signals near the shore or port may be strong, the steel structure of the ship often blocks cellular signals inside, creating signal dead zones in certain areas. To ensure smooth communication for crew members and passengers onboard, most vessels require the installation of a mobile signal booster to relay the signal. Recently, Lintratek successfully completed a signal coverage project for a cargo ship, addressing the signal blind spots that occurred when the vessel docked. Solution In response to this project, Lintratek's technical team quickly mobilized and began detailed design work. As the ship was still under construction, the design team needed to integrate the ship's blueprints and leverage Lintratek's extensive experience in maritime signal coverage to create a cost-effective, customized solution for the client. After careful analysis, the team settled on a 5W dual-band commercial mobile signal booster [ https://www.lintratek.com/powerful-repeater/ ] solution. Externally, an Omni Outdoor Antenna was used to receive signals from shore-based base stations, while inside the ship, Ceiling Antennas were installed to transmit the signal, ensuring seamless coverage in every corner of the vessel. Image: https://www.lintratek.com/uploads/Commercial-Mobile-Signal-Repeater.png KW37A Commercial Mobile Signal Booster Compared to log-periodic antennas, the Outdoor Omni Antenna offers superior omnidirectional reception capabilities, especially suited for vessels that are constantly changing positions. It can receive signals from base stations in multiple directions within a 1-kilometer radius, enhancing the signal's stability and reliability. Image: https://www.lintratek.com/uploads/ABS-Plastic-Omni-Outdoor-Antenna.jpg Outdoor Omni Antenna Installation and Tuning Before installation, the Lintratek team worked closely with the project stakeholders to assess the site conditions, ensuring the precise execution of the installation plan. In particular, based on the client's specifications, the installation of the ceiling antennas was adjusted to better suit the vessel's spatial and operational requirements. Image: https://www.lintratek.com/uploads/indoor-ceiling-antenna.png Indoor Ceiling Antenna After tuning, the mobile signal coverage inside the ship met expectations. The ship's bridge, engine room, and various living and working areas were fully covered with strong mobile signal, ensuring uninterrupted communication. Image: https://www.lintratek.com/uploads/Cellular-Signal-testing.jpg Cellular Signal Testing Lintratek has been a professional manufacturer of mobile signal boosters with equipment integrating R&D, production, and sales for 13 years. Signal coverage products in the field of mobile communications: mobile phone signal boosters, antennas, power splitters, couplers, etc. Media Contact Company Name: Foshan Lintratek Technology Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=lintratek-commercial-mobile-signal-booster-for-cargo-ship ] Country: China Website: https://www.lintratek.com/ This release was published on openPR.(File photo) NEW DELHI: The massive gap in subsidies to fisherfolk - $35 (Rs 3,000) per person annually in India, compared with over $75,000 (over Rs 63 lakh) in some advanced countries, has forced government to seek a relook at the global trade negotiations and focus on per capita distribution of subsidies instead of aggregate payout. The current direction of WTO talks, which are seeking to address overfishing concerns by limiting subsidies, are seen to be skewed in favour of European nations, China and Japan. The countries, citing overall subsidy data, are seeking to cap the support in line with the current spend. This will limit the policy space for countries like India which may in future want to provide incentives. The position submitted in a paper at the trade body in Geneva are based on learnings from agriculture where the terms of trade rules favour rich nations "Adopting a per capita distribution of subsidies criterion could provide a more accurate and fair basis for managing overfishing and capacity issues, considering both stock sustainability and livelihood concerns," India has said. It added the annual aggregate level of fishing subsidies can't be the correct measure as they include beneficial as well as subsistence subsidies linked to livelihood, which do not contribute to overcapacity and overfishing.