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Friday 5 June 2015
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Downward Momentum Stocks: Sociedad Quimica y Minera de Chile (SQM), Century Aluminum (CENX), Take-Two Interactive Software, (TTWO), SouFun Holdings (SFUN)

On Wednesday, Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM)’s shares declined -3.90% to $20.47.

Sociedad Quimica y Minera de Chile (ADR) (SQM) stated earnings for the three month period ended March 31, 2015 of US$71.7 million (US$0.27 per ADR), a decrease from US$81.0 million (US$0.31 per ADR) for the three month period ended March 31, 2014. Gross margin(3) reached US$130.7 million (33.7% of revenues) for the three month period ended March 31, 2015, lower than US$154.8 million (29.0% of revenues) recorded for the three month period ended March 31, 2014. Revenues totaled US$387.5 million for the three month period ended March 31, 2015, representing a decrease of 27.4% contrast to US$534.1 million stated for the three month period ended March 31, 2014.

Chemical and Mining Company of Chile Inc. is engaged in the production and distribution of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and potassium sulfate, industrial chemicals, and other commodity fertilizers.

Century Aluminum Co (NASDAQ:CENX)’s shares dropped -3.67% to $12.61.

Century Aluminum Co (CENX) stated net income of $73.8 million ($0.76 per common share) for the first quarter of 2015. Results comprise $6.5 million ($0.07 per common share) for an unrealized gain on fair value of contingent consideration related to the acquisition of the remaining 50.3% interest of Mt. Holly and were negatively influenced by $1.6 million ($0.02 per common share) for signing bonuses related to a new labor agreement in Iceland and $1.0 million ($0.01 per common share) related to the separation of a former senior executive.

Sales for the first quarter of 2015 were $587.9 million contrast with $420.8 million for the first quarter of 2014. Shipments of primary aluminum for the first quarter of 2015 were 245,258 tonnes contrast with 206,785 tonnes shipped in the first quarter of 2014.

Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1981 and is headquartered in Chicago, Illinois.

Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1981 and is headquartered in Chicago, Illinois.

At the end of Wednesday’s trade, Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s shares dipped -3.39% to $27.65.

Take-Two Interactive Software, Inc. (TTWO) declared that Strauss Zelnick, the Company’s Chairman and Chief Executive Officer, plans to present at the Cowen and Company 43rd Annual Technology Media & Telecom Conference in New York City. The Company’s presentation is planned for Thursday, May 28, 2015 at 9:30 a.m. Eastern Time. A link to the live webcast of the presentation will be accessible via the Company’s website at http://ir.take2games.com. A replay of the presentation will be archived and accessible at the same location.

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels, offering downloadable episodes and content, and releasing titles for smartphones and tablets.

SouFun Holdings Ltd (NYSE:SFUN), ended its Wednesday’s trading session with -3.36% loss, and closed at $7.20.

SouFun Holdings Ltd (SFUN) declared its unaudited financial results for the three months ended March 31, 2015.

First Quarter 2015 Highlights

  • TotalRevenue increased by 1.8% year-on-year to $123.5 million for the three months ended March 31, 2015. Revenue from e-commerce services increased by 75.2% year-on-year to $51.5 million for the three months ended March 31, 2015.
  • Operating incomedecreased by 84.9% year-on-year to $7.5 million for the three months ended March 31, 2015. Non-GAAP operating income decreased 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’sshareholders decreased by 85.3% year-on-year to $6.1 million for the three months ended March 31, 2015.
    Fully diluted earnings per ADS decreased 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, as well as to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services. DISCLAIMER:

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