On Friday, Shares of SouFun Holdings Ltd. (NYSE:SFUN), gained 8.74% to $9.95.
SouFun Holdings, declared its unaudited financial results for the three months ended March 31, 2015.
First Quarter 2015 Highlights
- Total Revenue raised by 1.8% year-on-year to $123.5 million for the three months ended March 31, 2015. Revenue from e-commerce services raised by 75.2% year-on-year to $51.5 million for the three months ended March 31, 2015.
- Operating income reduced by 84.9% year-on-year to $7.5 million for the three months ended March 31, 2015. Non-GAAP operating income reduced by 84.5% year-on-year to $7.9 million for the three months ended March 31, 2015. A description of the adjustments from GAAP to non-GAAP operating income is set forth below.
- Net income attributable to SouFun’s shareholders reduced by 85.3% year-on-year to $6.1 million for the three months ended March 31, 2015.
- Fully diluted earnings per ADS reduced by 90.0% year-on-year to $0.01 for the three months ended March 31, 2015.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
Shares of American International Group, Inc. (NYSE:AIG), declined -0.16% to $61.89, during its last trading session.
American International Group, the largest commercial insurer in the U.S. and Canada, agreed to sell a consumer operation in Taiwan as Chief Executive Officer Peter Hancock narrows the company’s focus, according to Bloomberg.
Nan Shan Life Insurance Co., a former unit of AIG, will pay $158 million for the business, the New York-based firm said Thursday in a statement. AIG will continue to serve commercial clients in Taiwan, counting multinational corporations and local businesses.
AIG’s sale of a plane-leasing operation in 2014 was the last of the company’s major divestitures under a plan conceived in 2008 that assisted it repay a U.S. bailout. Hancock, who became CEO in September, has said he still plans to sell smaller businesses that don’t align with the firm’s biggest moneymakers. Bloomberg Reports.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, WisdomTree Investments, Inc. (NASDAQ:WETF), ended its last trade with -1.82% loss, and closed at $22.41, hitting its highest level.
WisdomTree Investments, declared the launch of the WisdomTree Western Asset Unconstrained Bond Fund (UBND). The actively managed Fund seeks to provide broad exposure to the global dollar denominated bond market for balanced core fixed income exposure. UBND is listed on the Nasdaq Stock Market with a net expense ratio of 0.55%.
WisdomTree Investments, Inc., through its auxiliaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes.
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