Chinese mobile app store Sky-mobi (NASDAQ:MOBI) has announced its unaudited 2014 results, for the 12 months ending 31 March 2014. Total revenues were $78.1 million, down 19 percent year-on-year. Revenues from smartphones were $33.8 million, or 43 percent of total revenues. Net profit was $700,000, down 72 percent. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) net profit margin is 5.30% and weekly performance is 9.47%. On last trading day company shares ended up $7.17. Analysts mean target price for the company is $7.50. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) distance from 50-day simple moving average (SMA50) is -8.23%.
Bank of Nova Scotia (USA) (NYSE:BNS) is chock full of cash and capital after reporting another set of stellar earnings, prompting the lender to contemplate more acquisitions. For the second time in one year, Scotia bank reported a record set of core quarterly earnings, extending a streak of top-notch profits from Canadian lenders. Like many of its rivals, Scotiabank continues to benefit from solid domestic personal and commercial banking operations, as well as a hot market for wealth management, but was also aided by some significant securities gains. The Bank of Nova Scotia (USA) (NYSE:BNS) shares advanced 1.31% in last trading session and ended the day on $63.33. BNS return on assets is 0.80%.The Bank of Nova Scotia (USA) (NYSE:BNS) quarterly performance is 11.73%.
Hillshire Brands Co. (NYSE:HSH) has been the only company in the food sector to have news that can be looked at as positive. One of the company’s goal was to gain more exposure, they have done just that. Pilgrim’s Pride Corporation (NASDAQ:PPC) announced that it has offered to buy Hillshire Brands Co. in a $6.4 billion deal. Pilgrim’s is the second largest chicken producer in America, for years now the company has wanted to add other meats such as pork products to its inventory. Hillshire Brands Co (NYSE:HSH) shares moved up 22.07% in last trading session and was closed at $45.19, while trading in range of $44.62 – $45.52. Hillshire Brands Co (NYSE:HSH) year to date (YTD) performance is 35.79%.
Pilgrim’s Pride Corporation (NASDAQ:PPC) on Tuesday announced its proposal to acquire The Hillshire Brands Company for $45 per share in cash, in a transaction valued at $6.4 billion. Pilgrim’s Pride Corporation (NASDAQ:PPC) ended the last trading day at $25.52. Company weekly volatility is calculated as 2.90% and price to cash ratio as 11.98.Pilgrim’s Pride Corporation (NASDAQ:PPC) showed a positive weekly performance of 3.57%.
Pfizer Inc. said that it does not intend to make a takeover offer for the British drug maker AstraZeneca PLC (ADR) (NYSE:AZN) pulling the plug, for now, on what would have been the largest deal in the industry’s history. The announcement came a week after AstraZeneca’s board rejected a $119 billion buyout proposal from Pfizer, the world’s second-biggest drug maker by revenue.
AstraZeneca plc (ADR) (NYSE:AZN) net profit margin is 8.00% and weekly performance is 2.00%. On last trading day company shares ended up $72.05. Analysts mean target price for the company is $76.67. AstraZeneca plc (ADR) (NYSE:AZN) distance from 50-day simple moving average (SMA50) is 3.01%.
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