Wed, Nov 27, 2024 5:56 PM
Persistent Systems may sustain its valuations or re-rate further: JPMorgan
A Flip by Avya Verma
Urban Outfitters' shares surged 14% after reporting a Q3 earnings beat, driven by rising sales at Free People and Anthropologie, despite declining sales at its namesake stores. The company sees a "remarkably resilient" consumer and is optimistic about holiday demand, but may close or downsize some Urban Outfitters stores in the coming years.
Open Flip
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. U.S. gross domestic product — the economy's output of goods and services — slowed from the April-July rate of 3%, the Commerce Department reported Wednesday.
Open Flip
Padam Cotton Yarns Ltd on Wednesday, November 27, 2024, announced bonus shares for its shareholders, the penny stock in the textile products sector said in a regulatory filing. The company's Board of Directors, during their meeting held on November 27, 2024, approved the issuance of 38,73,000 bonus shares with a face value of ₹10 each, in a ratio of 1:1.
Open Flip
