Nike Inc. (NYSE:NKE) the largest sportswear country in the world with hundreds of manufacturing suppliers outside the United States, has cut about 106,000 contract factory workers over the last year as the Beaverton, Oregon, company shifts toward automation. Nike Inc. (NYSE:NKE) net profit margin is 9.90% and weekly performance is 2.58%. On last trading day company shares ended up $75.85. Analysts mean target price for the company is $82.39. Nike Inc. (NYSE:NKE) distance from 50-day simple moving average (SMA50) is 2.44%.
China Telecom Co. Limited (NYSE:CHA) was downgraded by HSBC from an “overweight” rating to an “underweight” rating in a research note issued on Friday. China Telecom Corporation Limited (ADR) (NYSE:CHA) shares fell -1.53% in last trading session and ended the day on $50.04. CHA gross Margin is 69.90% and its return on assets is 6.10%.China Telecom Corporation Limited (ADR) (NYSE:CHA) quarterly performance is 11.75%.
China Hydroelectric Corporation (USD) (NYSE:CHC) an owner, developer and operator of small hydroelectric power projects in the People’s Republic of China (“PRC”), announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on July 3, 2014 at 10:00 a.m. (Hong Kong time), at 31st Floor, AIA Central, 1 Connaught Road, Central, Hong Kong
China Hydroelectric Corporation (USD) (NYSE:CHC) shares moved up 0.29% in last trading session and was closed at $3.42, while trading in range of $3.40 – $3.42. China Hydroelectric Corporation (USD) (NYSE:CHC) year to date (YTD) performance is 27.61%.
Renren Inc (NYSE:RENN) continued to disappoint investors by posting a 40% year-on-year decline in revenues ($24.9 million) for the first quarter of 2014. The company has been struggling due to intense competition in the advertising industry, low monetization on mobile devices and delays in game launches. It does not expect the second quarter to be any better since it has provided guidance for revenue decline in the range of 47%-52%. However, the company also restructured its highest revenue generating business, online gaming, and intends to launch new games in the latter half of the year which should help it arrest the fall in revenues in subsequent quarters. Renren Inc. (NYSE:RENN) ended the last trading day at $3.41. Company weekly volatility is calculated as 5.08% and price to cash ratio as 1.28.Renren Inc. (NYSE:RENN) showed a positive weekly performance of 3.65%.
Adidas AG (OTCMKTS:ADDYY) Chief Executive, Herbert Hainer, said that he is optimistic the sports goods company will achieve its 2 billion euro ($2.74 billion) annual sales target for football products, with the FIFA World Cup due to start in Brazil a few weeks. On last trading day company shares ended up $53.01.
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