Baidu Inc (ADR) (NASDAQ:BIDU) announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2013. Total revenues in the fourth quarter of 2013 were RMB9.523 billion ($1.573 billion), a 50.3% increase from the corresponding period in 2012. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $163.87 moved to $164.02 on last trade day and at the end of the day closed at $160.58. Company price to sales ratio in past twelve months was calculated as 12.02 and price to cash ratio as 7.95. Baidu Inc (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -7.81%.
Chinese stocks in New York fell for the first time in three days, led by Renren Inc (NYSE:RENN) after the social networking website operator forecast sales that came below analysts’ estimates. Renren Inc (NYSE:RENN) shares fell -9.81% in last trading session and ended the day on $3.40. RENN return on equity ratio is recorded as -5.20% and its return on assets is -4.70%. Renren Inc (NYSE:RENN) yearly performance is 14.48%.
At the Game Developers Conference in San Francisco, Facebook Inc (NASDAQ:FB) announced that around 375 million people play at least one Facebook-connected game per month. Around 735 million game referrals are sent out per day, which ends up bringing new users to the games that send them. Facebook Inc (NASDAQ:FB) shares moved down -1.37% in last trading session and was closed at $68.24 while trading in range of $67.46 – $69.29 – Facebook Inc (NASDAQ:FB) year to date (YTD) performance is 24.87%.
Yahoo! Inc has announced its partnership with Yelp, Inc (NYSE:YELP) to enhance its local search results and attract more users. Yelp Inc (NYSE:YELP) weekly performance is -5.36%. On last trading day company shares ended up $87.82. Yelp Inc (NYSE:YELP) distance from 50-day simple moving average (SMA50) is 2.24%. Analysts mean target price for the company is $89.90.
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