Weibo Corp. (ADR) (NASDAQ:WB), the Chinese microblogging service controlled by Sina Corp., posted a quarterly loss that widened in its first financial results since an initial public offering last month. First-quarter net loss was $47.4 million, compared with a loss of $19.2 million a year earlier, the Beijing-based company said. The loss matched the preliminary estimate of $47.4 million provided in its listing prospectus. Weibo Corp (ADR) (NASDAQ:WB) weekly performance is -8.47%. On last trading day company shares ended up $18.05. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -8.19%.
Honda Motor Co Ltd (ADR) (NYSE:HMC) the world’s biggest motorcycle maker, cut its forecast for India’s two-wheeler market after economic growth in the country cooled. Industry deliveries in India will probably expand to 20 million to 25 million units by 2020 in India, fewer than Honda’s earlier projection of 30 million, Shinji Aoyama, operating officer in charge of motorcycle operations, said in an interview yesterday. Motorcycles accounted for more than 20 percent of the Tokyo-based company’s operating profit last fiscal year. Honda Motor Co Ltd (ADR) (NYSE:HMC) shares advanced 0.94% in last trading session and ended the day on $34.26. Gross Margin is 26.00% and its return on assets is 3.80%. Honda Motor Co Ltd (ADR) (NYSE:HMC) quarterly performance is -5.20%.
Gold miner Goldcorp Inc. (USA) (NYSE:GG) announced that its Los Filos mine in Guerrero State, Mexico has resumed operations after reaching a new five-year occupancy agreement with the Carrizalillo Ejido. The operations at the mine had been suspended since Apr 2, 2014. Goldcorp Inc. (USA) (NYSE:GG) shares moved down -0.24% in last trading session and was closed at $24.65, while trading in range of $24.53 – $24.92. Goldcorp Inc. (USA) (NYSE:GG) year to date (YTD) performance is 14.92%.
IAMGOLD Corp (USA) (NYSE:IAG) has earned an average rating of “Hold” from the fifteen analysts that are covering the company, American Banking News.com reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. IAMGOLD Corp (USA) (NYSE:IAG) ended the last trading day at $3.29. Company weekly volatility is calculated as 2.79% and price to cash ratio as 3.77. IAMGOLD Corp (USA) (NYSE:IAG) showed a negative weekly performance of -0.90%.
Volkswagen AG (ADR) (OTCMKTS:VLKAY) has unveiled the GTI Roadster Vision Gran Turismo which will be shown in the metal at Wörthersee. VAG’s theme this year for Wörthersee seems to be open-top concepts as after the Seat Ibiza Cupster and the Skoda CitiJet, the GTI Roadster Vision Gran Turismo concept seen here also adopts an open-air cabin. Unlike the first two, Volkswagen’s GTI was designed exclusively for Gran Turismo 6 and is described as being a “supercar” with a very aggressive styling approach. Volkswagen AG (ADR) (OTCMKTS:VLKAY) On last trading day company shares ended up $51.67 .
Leave a Reply