On Thursday, Shares of SouFun Holdings Ltd. (NYSE:SFUN), gained 3.47% to $7.45.
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 Johnson & Johnson (NYSE:JNJ), declined -0.42% to $102.42, during its last trading session.
Johnson & Johnson, will pay $7.8 million to settle the state of Arkansas’s claims the company illegally marketed its Risperdal antipsychotic medicine, a case that featured a billion-dollar award against the drugmaker that was thrown out, according to Bloomberg.
The settlement, less than 1 percent of the $1.2 billion fine imposed by an Arkansas judge, closes the book on almost eight years of legal jousting over allegations J&J misled doctors and patients about Risperdal’s effectiveness and downplayed its diabetes risks. An appeals court threw out the fines last year, and the state dropped its case Thursday as part of the accord.
The settlement comes as J&J continues to face side-effect claims over Risperdal, counting suits by young males who blame the drug for causing them to develop breasts like women’s. The next case is slated for May 26 in state court in Philadelphia. Bloomberg Reports.
Johnson & Johnson, together with its auxiliaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices.
At the end of Thursday’s trade, Shares of BlackBerry Limited (NASDAQ:BBRY), gained 1.58% to $10.27.
BlackBerry Limited, declared that its Board of Directors has authorized a share repurchase program to purchase for cancellation up to 12 million BlackBerry common shares, or about 2.6% of the outstanding public float. BlackBerry can purchase the common shares over the Nasdaq Stock Market or, subject to regulatory approval, on the Toronto Stock Exchange or other markets. In the past 12 months, BlackBerry has not repurchased any of its outstanding securities.
At its annual meeting of shareholders on June 23, 2015, BlackBerry will present for approval a new employee share purchase plan and a projected enhance in the number of shares accessible under BlackBerry’s equity incentive plan. If these proposals are approved by shareholders at the meeting, BlackBerry will file a notice of intention to commence a normal course issuer bid with the TSX. The share repurchase program would remain in place for up to 12 months from acceptance of the notice of intention by the TSX, or such earlier time as the purchases are accomplished or the program is terminated by BlackBerry. If the proposals are not approved by shareholders, BlackBerry does not expect that it will proceed with the share repurchase program.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Finally, Adobe Systems Incorporated (NASDAQ:ADBE), ended its last trade with 1.19% gain, and closed at $80.56, hitting its highest level.
Adobe Systems Incorporated, released its annual Digital Index Travel Report, which reveals the best times to book airfare and hotels, top destinations, total online travel spend, consumer buying behaviors across devices and more. The report analyzed more than 15 billion visits across major U.S. travel, airline and hotel sites between 2013 and 2015 and more than three million social media mentions. Consumers are predictable to spend $65 billion online on travel between Memorial Day and Labor Day, seven percent more than in 2014. Twenty percent of travel bookings are now coming from smartphones and tablets, over six percent more than last year. The analysis also shows that Washington D.C. tops the list of U.S. travel destinations followed by Los Angeles, New York, Las Vegas and San Francisco.
Adobe’s annual travel report provides the most comprehensive set of travel insights in the industry and is based on aggregated and anonymous data from Adobe Marketing Cloud. Pricing details are based on booking transactions, which ensures highly accurate predictions. The report analyzed traffic and sales across major U.S. travel, airline and hotel sites counting seven of the top ten airlines and eight of the top ten hotel chains. Adobe also conducted a complementary survey of 1,000 U.S. consumers who plan to travel this summer.
Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
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