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Tuesday 26 May 2015
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Latest Update

Stocks Plummets: Silver Standard Resources (NASDAQ:SSRI), Autohome (NYSE:ATHM), Synta Pharmaceuticals (NASDAQ:SNTA), W&T Offshore, (NYSE:WTI)

On Wednesday, Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)’s shares declined -4.69% to $5.28.

Silver Standard Resources Inc. (USA) (SSRI) declares the dates for the first quarter 2015 merged financial results news release and conference call. Investors, media and the public are invited to listen to the conference call.

  • News release containing first quarter 2015 merged financial results: Tuesday, May 12, 2015 , after markets close.
  • Conference call and webcast: Wednesday, May 13, 2015 , at 11:00 a.m. EDT .

Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits.

Autohome Inc (ADR) (NYSE:ATHM)’s shares dropped -5.11% to $50.12.

Autohome Inc (ADR) (ATHM) declared its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights1

  • Net Revenuessignificantly rose 82.1% year-over-year to RMB622.9 million ($100.5 million) for the first quarter of 2015, surpassing the Company’s original guidance of RMB573 million ($92.4 million) to RMB602 million ($97.1 million).
  • Adjusted Net Incomerose 44.3% year-over-year to RMB197.5 million ($31.9 million) for the first quarter of 2015.

First Quarter 2015 Operating Highlights

  • Continued Advancement in Transaction Platform and Media Value: In the first quarter of 2015, revenues from the dealer yellow page business, which comprise dealer advertising and dealer subscription services, raised 96.3% year-over-year to RMB321.6 million while revenues from automaker advertising services raised 69.1% year-over-year to RMB301.3 million. Revenues from the dealer yellow page business and revenues from the automaker advertising services accounted for 51.6% and 48.4% of the total net revenues, respectively, during the quarter.

Autohome Inc. operates as an online destination for automobile consumers in the Peoples Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers independent and interactive content to automobile buyers and owners, counting professionally produced content that comprises automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, in addition to manufacturer’s’ suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.

At the end of Wednesday’s trade, Synta Pharmaceuticals Corp. (NASDAQ:SNTA)‘s shares dipped -4.68% to $2.24.

Synta Pharmaceuticals Corp. (SNTA) stated financial results for the first quarter ended March 31, 2015 and offered an operational update.

First Quarter Accomplishments and Recent Updates

  • Designated Chen Schor as President, Chief Executive Officer and Director. In April 2015, the Company declared that Chen Schor, Executive Vice President, Chief Operating Officer, was named President, Chief Executive Officer and a Director of the Company, replacing Anne Whitaker. Ms. Whitaker stepped down from her roles at Synta to pursue a professional opportunity at a large multinational pharmaceutical company.

Synta Pharmaceuticals Corp., a biopharmaceutical company, focuses on the research, development, and commercialization of novel oncology medicines for cancer patients.

W&T Offshore, Inc. (NYSE:WTI), ended its Wednesday’s trading session with -4.18% loss, and closed at $6.19.

W&T Offshore, Inc. (WTI) stated its first quarter 2015 operations and financial results, and 2015 production and expense guidance. Some of the key items comprise:

  • Production for the first quarter of 2015 averaged about 49,000 Boe per day (4.4 million Boe in total for the quarter), 53% of which was oil and liquids. Oil production raised 9.4% for the first quarter of 2015 contrast to the first quarter of 2014 while natural gas production reduced 2.1%. Our average quarterly realized sales price was $43.04 per barrel for oil, $16.81 per barrel for natural gas liquids (“NGLs”) and $3.01 per thousand cubic feet (“Mcf”) for natural gas. On a combined basis our average realized sales price was $28.70 per Boe.
  • Revenues for the first quarter of 2015 were $127.9 million, 70% of which was from oil and NGLs.

W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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