On 21 MAY 58.com Inc (ADR) (NYSE:WUBA) reported its unaudited financial results for the first quarter ended March 31, 2014. Total revenues were US$48.2 million in the first quarter of 2014, a 103.3% increase from the same period last year; exceeding guidance of US$43 million to US$45 million. Gross margin was 94.9% compared with 91.8% in the same quarter of 2013. Net income was US$2.3 million, compared with a net loss of US$4.7 million in the same quarter of 2013. 58.com Inc (ADR) (NYSE:WUBA) net profit margin is 6.30% and weekly performance is -2.38%. On last trading day company shares ended up $37.25. Analysts mean target price for the company is $45.72. 58.com Inc (ADR) (NYSE:WUBA) distance from 50-day simple moving average (SMA50) is -12.22%.
On 16 MAY IAC/InterActiveCorp (NASDAQ:IACI) reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.39. The company had revenue of $740.20 million for the quarter, compared to the consensus estimate of $737.81 million. During the same quarter last year, the company posted $0.83 earnings per share. IAC/InterActiveCorp’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp will post $3.62 earnings per share for the current fiscal year. IAC/InterActiveCorp (NASDAQ:IACI) shares advanced 0.77% in last trading session and ended the day on $62.46. IACI Gross Margin is 68.40% and its return on assets is 6.70%. IAC/InterActiveCorp (NASDAQ:IACI) quarterly performance is -15.47%.
On 22 MAY Tripadvisor Inc (NASDAQ:TRIP) announced it has finalized the acquisition of lafourchette, an online restaurant booking platform with a network of more than 12,000 restaurant partners across Europe. The completion of this transaction represents TripAdvisor’s first acquisition in the restaurant industry. Tripadvisor Inc (NASDAQ:TRIP) shares moved up 3.75% in last trading session and was closed at $94.42, while trading in range of $90.10 – $94.93. Tripadvisor Inc (NASDAQ:TRIP) year to date (YTD) performance is 13.99%.
On 7 MAY SouFun Holdings Ltd (NYSE:SFUN) a real estate Internet portal in China, said first-quarter net income attributable to SouFun Holdings Ltd (NYSE:SFUN) ‘s shareholders was $41.52 million or $0.10 per ADS, up from $28.41 million or $0.07 per ADS last year. On average, three analysts polled by Thomson Reuters expected earnings of $0.09 per share. Analysts’ estimates typically exclude special items. Revenues increased to $121.2 million from $91.03 million, primarily driven by the growth in listing services and marketing services. Analysts expected revenues of $121.07 million. SouFun Holdings Ltd (NYSE:SFUN) ended the last trading day at $12.28. Company weekly volatility is calculated as 5.20% and price to cash ratio as 8.49. SouFun Holdings Ltd (NYSE:SFUN) showed a positive weekly performance of 11.53%.
On 23 MAY Plug Power Inc (NASDAQ:PLUG) reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Plug Power Inc (NASDAQ:PLUG) weekly performance is -4.66%. On last trading day company shares ended up $4.09. Analysts mean target price for the company is $4.88. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -30.07%.
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