New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:25 EDTCYOU, BIDU, NTES, RENN, YOKUChinese Internet names decline after Renren guidance miss
Shares of Chinese Internet stocks are sinking after one of the names in the sector, Renren (RENN), last night reported higher than expected fourth quarter revenue but provided lower than expected first quarter revenue guidance. WHAT'S NEW: Chinese social network Renren reported Q4 revenue of $30.7M, versus analysts' consensus estimate of $30.15M. Its operating loss, however, came in at $42.6M, versus an operating loss of $22.7M in the same period a year earlier. Its online ad revenue tumbled 18% year-over-year, driven by increased competition and continued migration of user traffic to mobile devices from desktop computers, the company stated. Moreover, the social network provided first quarter revenue guidance of $23M-$25M, versus analysts' consensus estimate of $30.41M. "There are a limited number of players in China that are proactively educating and selling mobile solutions to brand advertisers in China," but Renren has had "some encouraging momentum" in mobile ads," said the company's CEO, Joe Chen, on its earnings conference call. PRICE ACTION: In mid-afternoon trading, search engine Baidu (BIDU) dropped 1% to $162, Internet video company Youku Tudou (YOKU) declined 1% to $30.40, Internet game and portal provider NetEase (NTES) lost 2% to $64.57, online game developer Changyou.com (CYOU) fell 1.4% to $28.50, and Renren tumbled 11% to $3.37.
News For BIDU;YOKU;NTES;CYOU;RENN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 20, 2015
15:08 EDTYOKUYouku Tudou volatility increases into Q1 and outlook
Subscribe for More Information
15:00 EDTYOKUNotable companies reporting after market close
Subscribe for More Information
07:33 EDTNTESNetEase.com, Everbright and HNA Group announce collaboration on Internet finance
Subscribe for More Information
May 19, 2015
09:58 EDTNTESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
06:59 EDTNTESNetEase.com upgraded to Buy from Neutral at Citigroup
Subscribe for More Information
06:02 EDTYOKUYouku Tudou implied volatility of 78 at upper end of index
Subscribe for More Information
May 18, 2015
13:37 EDTBIDUBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
Subscribe for More Information
07:59 EDTYOKUYouku Tudou volatility elevated into Q1 and outlook
Subscribe for More Information
05:53 EDTYOKUStocks with implied volatility movement; YOKU BBBY
Subscribe for More Information
05:25 EDTBIDUBaidu makes multi-million dollar strategic investment in Taboola
Subscribe for More Information
May 15, 2015
09:53 EDTYOKUGeoInvesting says short Youku Tudou for a trade
Subscribe for More Information
07:02 EDTYOKUYouku Tudou volatility elevated into Q1 and outlook
Subscribe for More Information
05:50 EDTYOKUStocks with implied volatility movement; YOKU RIG
Subscribe for More Information
May 14, 2015
13:28 EDTYOKUIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
11:05 EDTNTESNetEase.com price target raised to $160 from $128 at JPMorgan
JPMorgan raised its price target for NetEase.com to $160 following the company's Q1 results. The firm is positive on NetEase.com's game content production expansion into mobile and keeps an Overweight rating on the stock.
May 13, 2015
18:09 EDTNTESNetEase.com reports Q1 non-GAAP EPS $1.74 vs. $1.46 a year ago
Reports Q1 revenue RMB3.89M, consensus RMB3.20B.
15:04 EDTNTESNotable companies reporting after market close
Subscribe for More Information
May 12, 2015
19:02 EDTRENNRenren sees Q2 revenue $15M-$17M, one estimate $26.21M
Subscribe for More Information
19:01 EDTRENNRenren reports unaudited Q1 revenue $13.7M, one estimate $29.72M
Subscribe for More Information
May 11, 2015
17:47 EDTBIDUBaidu launches internal anti-corruption probe, AFP says
Baidu has begun anti-corruption investigations against certain of its employees, reports Agence France-Presse, citing company statements. The report notes that Chinese media company Sina claimed Monday that the company is investigating three departmental directors. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use