Chief Justice Collins J. Seitz Jr. signed a court order on Wednesday affirming a prior ruling to allow AMC to move forward with its stock conversion to AMC Preferred Equity units, or APE units.
Akoustis Technologies shares are trading higher Wednesday after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo, Inc. and announced the final release to manufacturing of design updates across its product portfolio.
Urban Outfitters reported first-quarter earnings of 69 cents per share, beating analyst estimates of 52 cents per share, according to Benzinga Pro. The company reported first-quarter sales of $1.2 billion, beating analyst estimates of $1.17 billion. Sales were up 7.8% on a year-over-year basis.