Russian stocks trading in New York gained for a fourth day, led by search engine company Yandex NV (NASDAQ:YNDX), as President Vladimir Putin’s pledge to pull troops back from Ukraine’s border damped concern the dispute will escalate. Yandex NV (NASDAQ:YNDX) net profit margin is 33.10% and weekly performance is 7.18%. On last trading day company shares ended up $29.84. Analysts mean target price for the company is $1416.30. Yandex NV (NASDAQ:YNDX) distance from 50-day simple moving average (SMA50) is 2.08%.
Youku Tudou Inc (ADR) (NYSE:YOKU), will report its first quarter 2014 unaudited financial results on Thursday, May 22, 2014, after the close of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 9:00 p.m. U.S. Eastern Time, May 22, 2014 (9:00 a.m. Beijing / Hong Kong time, May 23, 2014). Youku Tudou’s management will be on the call to discuss the quarterly results and answer questions.
Youku Tudou Inc (ADR) (NYSE:YOKU) shares fell -2.06% in last trading session and ended the day on $20.94. YOKU Gross Margin is 17.90% and its return on assets is -5.40%. Youku Tudou Inc (ADR) (NYSE:YOKU) quarterly performance is -30.01%.
On May 5, 2014, YY Inc (ADR) (NASDAQ:YY) announced its unaudited financial results for the first quarter ended March 31, 2014.Net revenues increased by 111.6% to RMB666.3 million (US$107.2 million) from RMB315.0 million in the corresponding period of 2013, primarily driven by a 127.1% increase in revenues from internet value-added services, or IVAS revenues. Net income attributable to YY Inc. increased by 187.2% to RMB183.6 million (US$29.5 million) from RMB63.9 million in the corresponding period of 2013. YY Inc (ADR) (NASDAQ:YY) shares moved down -1.34% in last trading session and was closed at $54.69, while trading in range of $52.53 – $55.76. YY Inc (ADR) (NASDAQ:YY)year to date (YTD) performance is 8.77%.
On May 12, 2014, Renren Inc (NYSE:RENN) announced that it will report its unaudited financial results for the first quarter 2014 on Wednesday, May 21, 2014, after the close of the U.S. markets. The earnings conference call with simultaneous webcast will take place at 9:00 p.m. Eastern Time on Wednesday, May 21, 2014 (Beijing/Hong Kong Time: 9:00 a.m., Thursday, May 22, 2014). Renren Inc (NYSE:RENN) ended the last trading day at $3.29. Company weekly volatility is calculated as 2.22% and price to cash ratio as 1.31. Renren Inc (NYSE:RENN) showed a positive weekly performance of 0.30%.
MeetMe Inc (NASDAQ:MEET), the public market leader for social discovery, has released Icebreakers, a new feature for the MeetMe iPhone app that makes it easier for users to start a chat. MeetMe Inc (NASDAQ:MEET) shares fell -8.07% in last trading session and ended the day on $2.05. MEET return on assets is -11.40%. MeetMe Inc (NASDAQ:MEET)quarterly performance is -22.93%.
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