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Monday 31 August 2015
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Current Trade News Alert on: Windstream Holdings, Inc.(NASDAQ:WIN), 58.com Inc (ADR)(NYSE:WUBA), Yelp Inc(NYSE:YELP), Urban Outfitters, Inc.(NASDAQ:URBN)

During Wednesday’s Current trade, Shares of Windstream Holdings, Inc. (NASDAQ:WIN), gain 2.54% to $6.81.

Windstream (WIN), a leading provider of advanced network and cloud communications, recently declared the availability of its Fixed Wireless solution in Philadelphia, Pa., providing a high-speed access alternative to businesses looking for even more robust network connectivity.

Windstream’s Fixed Wireless is a technology solution for carrier-grade Ethernet and Internet-over-Ethernet connectivity delivered by digital microwave technology, and is presently offered in Chicago, Ill., New York, N.Y., Northern New Jersey, N.J., Milwaukee, Wis., and Boston, Mass.

Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets. The company’s primary business service offerings comprise integrated voice and data services, multi-site networking, data center services, managed services, high-speed Internet, and voice services.

Shares of 58.com Inc (ADR) (NYSE:WUBA), inclined 2.16% to $45.14, during its current trading session.

58.com Inc (ADR) (NYSE:WUBA) stated its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

  • Total revenues were US$87.1 million, an 80.5% enhance from the same period last year; surpassing guidance of US$82.0 to US$84.0 million.
  • Gross margin was 93.1%, contrast with 94.9% during the same quarter of 2014.
  • Net loss attributable to 58.com Inc. was US$52.4 million, contrast with net income attributable to 58.com Inc. of US$2.3 million in the same period of last year.
  • Non-GAAP net loss attributable to 58.com Inc.[1] was US$47.8 million, contrast with non-GAAP net income attributable to 58.com Inc. of US$3.3 million in the same quarter of 2014.
  • Basic and diluted losses per ADS[2] attributable to ordinary shareholders were US$0.59. One ADS represents two Class A ordinary shares.

58.com Inc. operates an online marketplace for local merchants and consumers in the People’s Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business.

Yelp Inc (NYSE:YELP), during its Wednesday’s current trading session gained 1.36% to $23.04.

Yelp Inc. (YELP), the company that connects consumers with great local businesses, recently declared that Max Levchin has resigned as Chairman and Director to pursue other interests, effective right away.

The Board has not yet designated a new Chairman but plans to consider the issue at the next Board meeting in September.

Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories. The company provides local advertising services, counting free and paid business listing services to businesses of various sizes, in addition to enable businesses to deliver targeted search advertising to large local audiences through its Website and mobile app. It also offers brand advertising services comprising advertising solutions for national brands in the food and restaurant, automobile, financial services, logistics, consumer goods, and health and fitness industries that want to improve their local presence in the form of display advertisements and brand sponsorships.

Finally, Urban Outfitters, Inc. (NASDAQ:URBN), gained 2.50%, to $29.54.

Urban Outfitters, Inc. (URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, recently 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%.

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. It serves its customers directly through retail stores, Websites, mobile applications, catalogs, and customer contact centers. The company operates retail stores under the Urban Outfitters, Anthropologie, Free People, Terrain, and Bhldn brands.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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