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Nov 27, 2024 10:53 AM

01:19 PM EST, 11/27/2024 (MT Newswires) -- Urban Outfitters ( URBN ) overnight reported improved Q3 results compared with year-ago levels, recording a $1.10 per share profit for the three months ended Oct. 31 on $1.36 billion in sales. Analysts polled by FactSet, on average, expected the apparel retailer to earn $0.85 per share and sales of $1.34 billion.

Urban Outfitters ( URBN ) shares were climbing 17% this afternoon, earlier Wednesday rising as much as 18%. Trading volume was running nearly three times higher than usual, with almost 5.1 million shares changing hands compared with their daily average of nearly 1.6 million shares.

JOYY ( YY ) Wednesday reported a smaller non-GAAP profit during its Q3 ended Sept. 30, with net income for the social media company falling to $1.07 per American depositary share from $1.22 per ADS during the same quarter last year but still exceeding the FactSet consensus call looking for $0.92 per ADS.

JOYY ADS recently were nearly 11% higher, easing from a more than 17% advance earlier on Wednesday. Nearly 444,000 ADS have traded intraday, compared with the daily average of about 411,000 ADS.

Hafnia ( HAFN ) Wednesday reported Q3 net income and revenue exceeding analyst projections, earning $0.42 per share on $497.9 million in revenue during the three months ended Sept. 30 compared with the FactSet consensus call looking for $0.37 per share and $352 million, respectively.

Shares of the oil shipments and storage company recently added 6% with more than 3.8 million shares already traded this afternoon compared with a daily average of around 1.7 million shares changing hands.

Price: 46.89, Change: +6.75, Percent Change: +16.82

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