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Tuesday 23 June 2015
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Four Stocks That Fell Yesterday: OraSure Technologies, (NASDAQ:OSUR), Ocean Rig UDW (NASDAQ:ORIG), Key Energy Services, (NYSE:KEG), Vipshop Holdings (NYSE:VIPS)

On Thursday, OraSure Technologies, Inc. (NASDAQ:OSUR)’s shares declined -4.83% to $6.31.

OraSure Technologies, Inc. (OSUR) declared that Douglas A. Michels, President and CEO, will speak to the investment community at the Jefferies 2015 Global Healthcare Conference in New York. The conference will be simultaneously webcast over the Internet.

Mr. Michels is planned to speak June 2, 2015, at about 10:00 AM Eastern Time (7:00 AM Pacific Time).

OraSure Technologies, Inc., together with its auxiliaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally.

Ocean Rig UDW Inc (NASDAQ:ORIG)’s shares dropped -4.80% to $7.94.

Ocean Rig UDW Inc (ORIG) declared that in connection with the formerly declared Omnibus Agreement with ENI Angola S.p.A (hereafter referred to as “ENI”), all closing conditions counting approvals by national authorities and signing of definitive documentation have been satisfied.

As a result, the Company has extended the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017 with total contract backlog now standing at about $367 million. In addition, the Company has reached a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in the third quarter of 2015 for a minimum of 8 months with a total contract backlog of about $91 million.

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry.

At the end of Thursday’s trade, Key Energy Services, Inc. (NYSE:KEG)‘s shares dipped -4.58% to $2.29.

Key Energy Services, Inc. (KEG) will present at the Bank of America Merrill Lynch 2015 Global Energy and Power Leveraged Finance Conference, Wednesday, June 3, 2015 in New York, NY.

Marshall Dodson, Key’s Senior Vice President and Chief Financial Officer, is planned to present at 9:30 a.m. EDT (8:30 a.m. CDT).

Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.

Vipshop Holdings Ltd – ADR (NYSE:VIPS), ended its Thursday’s trading session with -4.37% loss, and closed at $25.38.

Vipshop Holdings Ltd – ADR (VIPS) declared its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

  • Total net revenueraised by 100.0% year over year to RMB8.6 billion (US$1.4 billion) from RMB4.3 billion in the prior year period, primarily attributable to a 75.0% year-over-year enhance in the number of active customers[1] to 12.9 million and a 90.0% year-over-year enhance in total orders[2] to 38.5 million.
  • Gross profitraised by 99.6% to RMB2.1 billion (US$345.4 million) from RMB1.1 billion in the prior year period.
  • Income from operationsraised by 112.9% to RMB395.0 million (US$63.7 million) from RMB185.5 million in the prior year period. Operating margin raised to 4.6% from 4.3% in the prior year period.

First Quarter 2015 Financial Results

REVENUE

Total net revenue for the first quarter of 2015 raised by 100.0% to RMB8.6 billion (US$1.4 billion) from RMB4.3 billion in the prior year period, primarily driven by the growth in the number of total active customers, repeat customers, total orders, in addition to the increasing revenue contribution from the mobile platform.

The number of active customers for the first quarter of 2015 raised by 75.0% to 12.9 million from 7.4 million in the prior year period. The number of total orders for the first quarter of 2015 raised by 90.0% to 38.5 million from 20.2 million in the prior year period. This enhance was primarily attributable to raised brand recognition among customers, the Company’s further improved ability to retain existing customers, in addition to its continued efforts in optimizing and diversifying brand and product selection accessible on both PC and mobile platforms.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, including women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, jewelry, watches, and glasses for women and men.

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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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