World Wrestling Entertainment, Inc. (NYSE:WWE) TV deal is with NBC Universal, but investors responded with a shrug. Even Vince McMahon couldn’t convince money men the accord would record increased earnings. The pact announced Thursday will continue WWE’s Monday Night Raw on USA Network. Friday Night Smackdown will air on SyFy Network. Both cable/satellite channels are under the Peacock’s wings. World Wrestling Entertainment, Inc. (NYSE:WWE) net profit margin is -1.00% and weekly performance is -34.70%. On last trading day company shares ended up $11.27. Analysts mean target price for the company is $23.83. World Wrestling Entertainment, Inc. (NYSE:WWE) distance from 50-day simple moving average (SMA50) is -53.72%.
SFX Entertainment (NASDAQ:SFXE) posted its quarterly earnings results on Thursday. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.56, AR Network reports. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $10.15 million. SFX Entertainment Inc. (NASDAQ:SFXE) shares fell -0.15% in last trading session and ended the day on $6.70. SFXE gross Margin is 17.80% and its return on assets is -39.50%.SFX Entertainment Inc. (NASDAQ:SFXE) quarterly performance is -13.77%.
China’s largest search engine provider Baidu Inc. (ADR) (NASDAQ:BIDU) has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple. Baidu Inc. (ADR) (NASDAQ:BIDU) shares moved down -0.40% in last trading session and was closed at $154.77, while trading in range of $152.47 – $155.64. Baidu Inc. (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -12.99%.
Phoenix New Media (NYSE:FENG) has been upgraded by TheStreet Ratings from hold to buy. Phoenix New Media Ltd ADR (NYSE:FENG) ended the last trading day at $9.24. Company weekly volatility is calculated as 5.22% and price to cash ratio as 3.09.Phoenix New Media Ltd ADR (NYSE:FENG) showed a positive weekly performance of 5.84%.
Tencent Holdings Limited (OTCMKTS:TCTZD), a leading provider of comprehensive Internet services in China, announced the unaudited consolidated results for the first quarter of 2014 ended March 31, 2014. Total revenues were RMB18,400 million (USD2,991 million[2]), an increase of 8% over the fourth quarter of 2013 (“QoQ”) or an increase of 36% over the first quarter of 2013 (“YoY”). On last trading day company shares ended up $14.00.