On Wednesday, Autohome Inc (ADR) (NYSE:ATHM)’s shares declined -6.91% to $36.52.
Autohome Inc. (ATHM), the leading online destination for automobile consumers in China, recently declared its unaudited financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights[1]
- Net Revenuesraised 69.9% year-over-year to RMB861.0 million ($138.9 million) for the second quarter of 2015, surpassing the Company’s original guidance of RMB811 million ($130.8 million) to RMB848 million ($136.8 million).
- Adjusted Net Incomeraised 47.9% year-over-year to RMB324.8 million ($52.4 million) for the second quarter of 2015.
- Net Cash Offered by Operating Activitieswas RMB194.8 million ($31.4 million) in the second quarter of 2015, an enhance of 19.5% year-over-year.
Autohome Inc. operates as an online destination for automobile consumers in the People’s Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers independent and interactive content to automobile buyers and owners, counting professionally produced content that comprises automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, in addition to manufacturer’s suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
Marriott International Inc (NASDAQ:MAR)’s shares dropped -2.10% to $70.70.
Marriott International, Inc. and the National Basketball Association (NBA) declared a partnership that makes the global lodging company the Official Hotel of several marquee NBA events around the world, counting NBA Global Games 2015-16, NBA Africa Game 2015, and NBA Canada Series 2015. Marriott is the first company to partner with the NBA across international games on five different continents.
The partnership tips off in Johannesburg, South Africa during NBA Africa Game 2015, the first NBA game in Africa, and comprises NBA events in 11 other cities across Brazil, Canada, China, Italy, Mexico, Spain, and the UK. Together, Marriott International and the NBA will give Marriott Rewards members exclusive access to NBA games and events in these markets. The partnership will showcase Marriott’s award-winning Marriott Rewards program by bringing the excitement of the NBA directly to its 50 million strong member community.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.
At the end of Wednesday’s trade, Angie’s List Inc (NASDAQ:ANGI)‘s shares surged 0.43% to $4.65.
Summer is well under way, and that means the dulcet tones of hammers and saws will be filling the air in neighborhoods across America.
Requests for information on remodeling contractors in June, July and August account for about one-third of the total remodeling requests for the other nine months of the year. Angie’s List members conducted nearly 80,000 searches for remodeling contractors in June alone.
Angie’s List (ANGI) has gathered consumer reviews on home-related, local service companies for 20 years. In a November 2014 Angie’s List survey of more than 1,000 service providers, 62 percent said they were expecting bigger budget projects contrast to last season.
Angie’s List, Inc. operates a local services marketplace and consumer review site in the United States. The company provides marketplace to research, shop for, and purchase local services for home, health, and automotive service needs. It also allows its consumers to rate and review service providers in 253 markets. In addition, the company provides advertising services to service providers through its monthly publication and call center; and on its Website, in addition to through mobile applications. Further, its e-commerce marketplace offers consumers to purchase services directly through its marketplace from service providers.
iStar Financial Inc. (NYSE:STAR), ended its Wednesday’s trading session with -2.85% loss, and closed at $12.61.
iStar (STAR) stated results for the second quarter ended June 30, 2015.
Second Quarter 2015 Results
iStar stated adjusted income allocable to common shareholders for the second quarter of $9.8 million, or $0.11 per diluted common share, contrast to $28.9 million, or $0.26 per diluted common share for the second quarter 2014.
Adjusted income represents net income computed in accordance with GAAP, preceding to the effects of certain non-cash items, primarily counting depreciation, loan loss provisions, impairments, stock-based compensation and gain/loss on early extinguishment of debt. Please see the financial tables that follow the text of this press release for the Company’s calculations of adjusted income and reconciliation to GAAP net income (loss).
Net income (loss) allocable to common shareholders for the second quarter was $(31.0) million, or $(0.36) per diluted common share, contrast to a loss of $(16.2) million, or $(0.19) per diluted common share for the second quarter 2014.
iStar Financial Inc. operates as a finance and investment company focusing on the commercial real estate industry in the United States. The company provides custom-tailored investment capital to high-end private and corporate owners of real estate; and invests in a range of real estate sectors. It operates in four segments: Real Estate Finance, Net Lease, Operating Properties, and Land. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, and senior and subordinated loans to corporations; and whole loans and loan participations.
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