On Tuesday, Shares of General Electric Company (NYSE:GE), lost -0.53% to $26.07.
General Electric Company declared an investment of $100-plus million in a new topload washer design and expanded manufacturing capability at its laundry plant in Louisville. This marks the largest laundry launch for GE in 20 years and is another example of the company’s continued commitment to U.S. manufacturing.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Urban Outfitters Inc. (NASDAQ:URBN), declined -2.11% to $31.55, during its last trading session.
Urban Outfitters declared net income of $67 million and $100 million for the three and six months ended July 31, 2015, respectively. Earnings per diluted share were $0.52 and $0.76 for the three and six months ended July 31, 2015, respectively.
Total Company net sales for the second quarter of fiscal 2016 raised 7% over the same quarter last year to a record $867 million. Comparable Retail segment net sales, which comprise our comparable direct-to-consumer channel, raised 4%. Comparable Retail segment net sales raised 14% at Free People, 4% at Urban Outfitters and 2% at the Anthropologie Group. Wholesale segment net sales rose 21%.
“We are happy to declare record sales for the second quarter driven by positive retail segment comp growth at each brand,” said Richard A. Hayne, Chief Executive Officer. “Without question, the brands` strong execution of our long-term strategy assisted fuel that sales growth and laid the groundwork for future enhances, as well,” finished Mr. Hayne.
Urban Outfitters, Inc., a lifestyle specialty retail company, engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and Wholesale.
Finally, Activision Blizzard, Inc. (NASDAQ:ATVI), ended its last trade with -0.27% loss, and closed at $29.22, hitting its highest level.
Activision Publishing, Inc., a wholly owned partner of Activision Blizzard is setting out to create a legendary league of card battlers with the mobile card battle game, Skylanders Battlecast. Created by the pioneers of the toys-to-life videogame category, Skylanders Battlecast brings cards to life in a new free-to-play mobile adventure, set within the Skylanders universe. The game offers everything from collectibility to planned card combat, online PvP and an exciting single-player campaign, appealing to both Skylanders fans and classic card battle enthusiasts. Skylanders Battlecast lets players create a team of their favorite heroes and build the ultimate deck for battle. Fans can master planned card combinations to become a champion of Skylands.
For Skylanders Battlecast, players can purchase physical card packs at retail, in addition to digital card packs in-game. Players will experience a magic moment by scanning cards with their mobile devices and watching them come to life. Additionally, fans can scan two character cards to create animated duels in which players can physically interact with the characters.
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.
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