YY Inc (ADR) (NASDAQ:YY) is a revolutionary renowned real-time and interactive social media platform, reported about the unaudited results of Q1-2014 that ended on March 31. The China-based company helps the wide user-base communicate by voice, video and text. The CEO and Cofounder, David Xueling Li came up with a detailed announcement pertaining to economic statistics. In Q1-2014, YY Inc (ADR)(NASDAQ:YY) has exquisitely fared, above excellence! Revenues garnered stood at 111.6% powered to a whopping $107.2 million year-over-year. Holistic income increased phenomenally in the first quarter by a margin of 187%, closing at RMB183.6 million. In Q1-2013, on the contrary, YY had bagged net income worth RMB63.9 million. This clearly projects that pronounced measures and rigorous steps taken over the past one year has resulted in rampant increase in net income almost three folds! YY Inc (ADR) (NASDAQ:YY) net profit margin is 27.50% and weekly performance is 2.14%. On last trading day company shares ended up $53.98. Analysts mean target price for the company is $95.21. YY Inc (ADR) (NASDAQ:YY) distance from 50-day simple moving average (SMA50) is -22.23%.
NetEase, Inc (ADR) (NASDAQ:NTES) issued its quarterly earnings data on Wednesday. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.40 by $0.02, AmericanBankingNews.com reports. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $391.02 million. NetEase, Inc (ADR) (NASDAQ:NTES) shares advanced fell -0.81% in last trading session and ended the day on $70.67. Gross Margin is 73.10% and its return on assets is 19.70%. NetEase, Inc (ADR) (NASDAQ:NTES) quarterly performance is -1.64%.
Yahoo! Inc. (NASDAQ:YHOO) has bought a startup named Blink for an undisclosed amount. The startup’s mobile messaging app, also called Blink, is similar to Snapchat; it allows users to set a set a timer, after which the message will self-destruct on the receiver’s mobile device. The app, launched in April 2013, will not be available on Apple’s (AAPL) and Google’s (GOOG) app stores anymore. Yahoo! Inc. (NASDAQ:YHOO) shares moved down -1.15% in last trading session and was closed at $33.41, while trading in range of $ 33.10 – 33.66. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -17.38%.
Renren Inc. (NYSE:RENN) a leading real name social networking Internet platform in China, announced that it will report its unaudited financial results for the first quarter 2014 on Wednesday, May 21, 2014, after the close of the U.S. markets. The earnings conference call with simultaneous webcast will take place at 9:00 p.m. Eastern Time on Wednesday, May 21, 2014 (Beijing/Hong Kong Time: 9:00 a.m., Thursday, May 22, 2014). Renren’s management will be on the call to discuss the quarterly results and answer questions. Renren Inc (NYSE:RENN) ended the last trading day at $3.29. Company weekly volatility is calculated as 1.93% and price to cash ratio as 1.23.
Yelp, Inc. (NYSE:YELP) the company that connects consumers with great local businesses, announced that management will be attending the investor conferences. Wednesday, May 28, 2014 at 10:15 a.m. ET – Cowen and Company Technology, Media & Telecom Conference in New York, NY .Yelp Inc (NYSE:YELP) net profit margin is -3.00% and weekly performance is 0.92%. On last trading day company shares ended up $54.72. Analysts mean target price for the company is $83.34. Yelp Inc (NYSE:YELP) distance from 50-day simple moving average (SMA50) is -22.65%.
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