On Wednesday, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -2.14% to $76.23, hitting its lowest level, as oil futures dropped toward $40 a barrel on Wednesday to settle with a loss of more than 4% after a U.S. government stated an unpredictable weekly climb in crude-oil inventories, according to Market Watch.
Crude oil for delivery in September settled at $40.80 a barrel, down $1.82, or 4.3% on the New York Mercantile Exchange, with prices marking their lowest settlement since March 2, 2009. The September contract expires Thursday.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Shares of SouFun Holdings Ltd. (NYSE:SFUN), declined -5.30% to $6.25, during its last trading session.
SouFun Holdings Limited declared its unaudited financial results for the three months ended June 30, 2015.
Second Quarter 2015 Highlights
- Total Revenue raised by 25.4% year-on-year to $210.9 million. Revenue from e-commerce services raised by 119.7% year-on-year to $106.8 million.
- Operating income reduced by 72.7% year-on-year to $22.3 million. Non-GAAP operating income reduced by 71.3% year-on-year to $23.9 million. 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 76.3% year-on-year to $16.2 million. Fully diluted earnings per ADS reduced by 73.3% year-on-year to $0.04.
- Non-GAAP net income attributable to SouFun’s shareholders reduced by 72.8% year-on-year to $19.6 million.
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 real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
Finally, Oclaro, Inc. (NASDAQ:OCLR), ended its last trade with 2.15% gain, and closed at $2.85.
Oclaro declared that administration is planned to host meetings on August 25, 2015 with the investment community at the Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, which will be held at The Ritz-Carlton Chicago.
Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in telecom networks.
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