U.S. stocks ended slightly lower Friday, capping off a week of low trading volumes and no market-moving catalysts.
The week was slow, with the fewest shares changing hands on Friday since December 30. On Friday 4.89 billion shares changed hands. The average so far this year is 6.58 billion. The stock market was closed Monday for Memorial Day.
On Friday, from technology sector, Shares of Youku Tudou Inc. (NYSE:YOKU), gained 14.02% to $30.75, hitting its highest level, following the release of the Chinese online television company’s first quarter financial results.
The company posted a net loss of about $83.5 million, worse contrast to a loss of $28.4 million in the same quarter of last year.
On a per American depositary share basis, the company posted an adjusted loss of 40 cents per share.
Revenue for the quarter came in at $170.4 million for the period.
Analysts polled by Thomson Reuters estimated a loss of 2.25 Chinese yuan renminbis per share on revenue of 1.03 billion yuan for the quarter.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices. The company’s services for users comprise online video content library comprising primarily of professionally produced content, counting television serial dramas, movies, current event reports, variety shows, and music videos.
From Services sector, Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), inclined 0.24% to $29.35, during its last trading session.
Hilton Worldwide, and Room to Read, declared the next step in their shared commitment to create greater access to educational opportunities for youth by extending their partnership for another three years. This renewed partnership enables Hilton Worldwide and Room to Read to support the education of another 600 girls, and directly benefit 26,700 students in Room to Read’s Literacy Program in schools across India and Sri Lanka.
In addition, both organizations will spearhead a first-of-its-kind formalized Job Shadowing Program for students of Room to Read’s Girls’ Education Program (GEP), which ensures that girls have the skills and support needed to complete their secondary school education. Over the next three years, the program will provide up to 300 GEP participants exposure to various career opportunities within the hospitality industry, and guide them toward various career options, post-graduation.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
On other hand, Shares of E-Commerce China Dangdang Inc. (NYSE:DANG), surged 12.26% to $10.71.
E-Commerce China Dangdang, declared that it will release financial results for the first quarter ended March 31, 2015 before the market open on May 28, 2015. Dangdang’s administration will host a corresponding conference call at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing/Hong Kong time) on that day.
E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People’s Republic of China. It primarily sells books, periodicals, electronic publications, consumer electronics, and audio-visual products through its Website dangdang.com.
Finally, from Industrial Goods sector, Axion Power International Inc. (NASDAQ:AXPW), ended its last trade with 3.99% gain, and closed at $0.03, hitting its lowest level.
Axion Power International, Inc. designs, develops, manufactures, and sells advanced energy storage devices, components, and systems based on its patented PbC Technology. Its PbC batteries and battery components are used in various energy system storage functions.
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