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Tuesday 16 June 2015
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Pre-Market Stocks Recap: , LinkedIn (NYSE:LNKD), United Technologies (NYSE:UTX), China Mobile Games & Entnmnt Grp (NASDAQ:CMGE), Amarin (NASDAQ:AMRN)

On Tuesday, LinkedIn Corp (NYSE:LNKD)’s shares inclined 2.30% to $216.91.

LinkedIn Corp (LNKD) is showing a slight improvement in its latest diversity numbers, following Google Inc.’s data dump of its mostly static demographics last week.

LinkedIn said on its blog that its initial focus on gender diversity has netted gains, with growth in women’s representation in technical roles (1 percent), leadership (5 percent) and overall (3 percent). The company has also seen an increase in leadership roles (2 percent) among Asian women and men. Forty-three percent of all hires have been women over the last 12 months, the company said.

Worldwide, the company is 58 percent male and 56 percent white. Men made up 61 percent of the global workforce last year.

LinkedIn Corporation, together with its auxiliaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities.

United Technologies Corporation (NYSE:UTX)’s shares gained 0.10% to $116.30.

United Technologies Corporation (UTX)’s board of directors is planned to meet later this week to review options for its $8 billion Sikorsky aircraft business after receiving offers for it, people familiar with the matter said on Tuesday.

UTC is considering two potential tax-efficient transactions for Sikorsky: either a spin-off or a combination with peer Textron Inc, which presented an offer for Sikorsky earlier this month, the people said.

The merger between Textron and Sikorsky could be structured as a Reverse Morris Trust (RMT), a transaction that allows a parent company to sell its partner while avoiding a hefty tax bill.

Alternatively, UTC may decide to sell Sikorsky outright to another company. Lockheed Martin Corp and Boeing Co are among those that have expressed interest in a potential deal, according to the sources.

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.

At the end of Tuesday’s trade, China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE)‘s shares surged 5.29% to $21.09.

China Mobile Games & Entnmnt Grp Ltd (CMGE) stated its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

  • Revenues were RMB441.8 million (US$71.3 million1), contrast with RMB214.7 million in the first quarter of 2014 and RMB417.8 million in the fourth quarter of 2014, and exceeded guidance for the quarter of RMB435.0 million by about 1.6%. Revenues were 105.8% higher year-over-year and 5.7% higher quarter-over-quarter.
  • Net income attributable to China Mobile Games and Entertainment Group Limited’s ordinary shareholders (“net income attributable to CMGE”) was RMB63.4 million (US$10.2 million), contrast with RMB34.6 million in the first quarter of 2014 and RMB67.4 million in the fourth quarter of 2014.
  • Non-GAAP2net income attributable to CMGE was RMB85.0 million (US$13.7 million), contrast with RMB37.9 million in the first quarter of 2014 and RMB87.9 million in the fourth quarter of 2014.
  • Basic and diluted earnings per American Depositary Share3(“ADS”) were RMB2.02 (US$0.33) and RMB1.93 (US$0.31), respectively, contrast with basic and diluted earnings per ADS of RMB1.26 and RMB1.16, respectively, in the first quarter of 2014. Basic and diluted earnings per ADS were RMB2.16 and RMB2.04, respectively, in the fourth quarter of 2014.
  • Non-GAAP basic and diluted earnings per ADS were RMB2.71 (US$0.44) and RMB2.59 (US$0.42), respectively, contrast with non-GAAP basic and diluted earnings per ADS of RMB1.39 and RMB1.29, respectively, in the first quarter of 2014. Non-GAAP basic and diluted earnings per ADS were RMB2.81 and RMB2.66, respectively, in the fourth quarter of 2014.

First Quarter Select Operating Data

  • Total paying user accounts4for social games were 5.9 million, contrast with 3.6 million in the first quarter of 2014 and 6.3 million in the fourth quarter of 2014. Average revenue per paying user account (“ARPU”) for social games was RMB54.6, contrast with RMB39.8 in the first quarter of 2014 and RMB47.0 in the fourth quarter of 2014.
  • Total paying user accounts5for single-player games (not taking into account single-player game bundles) were 10.9 million, contrast with 3.5 million in the first quarter of 2014 and 7.2 million in the fourth quarter of 2014. ARPU for single-player games (not taking into account single-player game bundles) was RMB10.4, contrast with RMB13.6 in the first quarter of 2014 and RMB12.8 in the fourth quarter of 2014.
  • Total subscriptions6for single-player game bundles were 0.5 million in the first quarter of 2015, contrast with 1.1 million in the first quarter of 2014 and 0.6 million in the fourth quarter of 2014. Average revenue per subscription for single-player game bundles was RMB4.7, contrast with RMB3.6 in the first quarter of 2014 and RMB4.7 in the fourth quarter of 2014.

China Mobile Games and Entertainment Group Limited, through its auxiliaries, develops, operates, and publishes mobile games primarily in the People’s Republic of China. The company provides social games, counting card and board, role-playing, and education games; and single-player games comprising role-playing, fighting or racing, shooting, trivia, and card games for mobiles.

Amarin Corporation plc (ADR) (NASDAQ:AMRN), ended its Tuesday’s trading session with -4.82% loss, and closed at $2.37.

Amarin Corporation plc (ADR) (AMRN) declared the presentation of findings from a new in vitro study at a peer-reviewed poster session at the American Diabetes Association Scientific Sessions in Boston, Massachusetts.

The poster, titled “Eicosapentaenoic Acid (EPA) Reduces Glucose-induced Small Dense Low-Density Lipoprotein Oxidation In Vitro in a Manner Distinct from Other Triglyceride-Lowering Agents and Vitamin E,” presents data that shows exposure to eicosapentaenoic acid (EPA), an omega-3 fatty acid, inhibited glucose-induced oxidation of small dense LDL. This study examined the effects of EPA and other triglyceride-lowering agents on human sdLDL oxidation following exposure in vitro to hyperglycemic conditions. Exposure to hyperglycemic conditions resulted in a 55% enhance in human sdLDL oxidation as contrast to non-glucose-treated controls as measured by a marker of oxidation (malondialdehyde (MDA)). EPA inhibited this glucose-induced sdLDL oxidation in a dose-dependent fashion and, at the highest concentration tested (10.0 µM), EPA inhibited sdLDL oxidation by 94% contrast to vehicle treated (ethanol) control.

Amarin Corporation plc, a biopharmaceutical company, focuses on developing and commercializing therapeutics for the treatment of cardiovascular diseases in the United States.

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