On Friday, Shares of Youku Tudou Inc (ADR) (NYSE:YOKU), gained 14.02% to $30.75.
Youku Tudou Inc. declared its unaudited financial results for the first quarter 2015.
First Quarter 2015 Highlights
- Net revenues were RMB1.14 billion (US$183.8 million), a 47% enhance from the corresponding period in 2014. Non-GAAP net revenues were RMB1.06 billion (US$170.4 million) in the first quarter of 2015, a 51% enhance from the corresponding period in 2014.
- Gross profit was RMB1.5 million (US$0.2 million), as contrast to RMB132.1 million (US$21.3 million) from the corresponding period in 2014. Non-GAAP gross loss was RMB32.9 million (US$5.3 million) in the first quarter of 2015, as contrast to non-GAAP gross profit of RMB90.4 million (US$14.6 million) from the corresponding period in 2014.
- Net loss was RMB517.4 million (US$83.5 million), as contrast to RMB176.0 million (US$28.4 million) from the corresponding period in 2014. Non-GAAP net loss was RMB481.8 million (US$77.7 million) in the first quarter of 2015, as contrast to RMB157.1 million (US$25.3 million) from the corresponding period in 2014.
- Cash, cash equivalents, restricted cash and short-term investments totaled RMB8.52 billion (US$1.37 billion) as of March 31, 2015.
- Acquisition of property and equipment for the first quarter of 2015 was RMB73.0 million (US$11.8 million).
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices.
Shares of NXP Semiconductors NV (NASDAQ:NXPI), inclined 0.36% to $107.18, during its last trading session.
NXP Semiconductors declared participation in the following forthcoming event with the financial community:
- BofA Merrill Lynch Global Technology Conference, San Francisco, CA, June 2, 2015
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide.
At the end of Friday’s trade, Shares of Voya Financial Inc (NYSE:VOYA), gained 0.55% to $ 46.04.
Voya Financial, Inc. (VOYA), declared that Elizabeth Derby has joined the company as vice president of Diversity and Inclusion. In this role, Derby will work closely with Voya’s executive leadership team to oversee the development and implementation of the company’s evolving diversity and inclusion strategies. She is based in Voya’s New York City office and reports to Executive Vice President and Chief Human Resources Officer Kevin Silva.
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits.
Finally, United Parcel Service, Inc. (NYSE:UPS), ended its last trade with -0.61% lost, and closed at $ 101.43.
High-tech companies expect robust growth in their industry, and they’re preparing for it by weighing a broader range of factors when building their manufacturing supply chain networks, according to the fifth annual UPS(R) Change in the (Supply) Chain(CITC) survey.
The survey, conducted for UPS by IDC Manufacturing Insights, found that while high-tech companies still favor the strategy of off-shoring as a means to cut labor costs, a large number also have begun “right-shoring.” This strategy optimizes the supply chain to take advantage of cost benefits and local resources to achieve the best customer service and overall profit margins.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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