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Tuesday 26 May 2015
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Latest Update

Stocks Plunging: Oneok Partners LP (NYSE:OKS), InvenSense (NYSE:INVN), Barrick Gold (NYSE:ABX), JD.Com (NASDAQ:JD)

On Wednesday, Oneok Partners LP (NYSE:OKS)’s shares declined -3.66% to $39.75.

Oneok Partners LP (OKS) declared first-quarter 2015 net income attributable to ONEOK Partners of $145.6 million, or 21 cents per unit, contrast with $265.4 million, or 81 cents per unit, in the first quarter 2014.

Variances in financial performance between the first quarter 2015 and first quarter 2014 were primarily a reflection of significantly higher weather-related seasonal demand, resulting in higher prices for propane and natural gas, in the Midwest due to severely cold weather during the first quarter 2014 and the continued impact of commodity price declines in the first-quarter 2015.

ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines.

InvenSense Inc (NYSE:INVN)’s shares dropped -3.60% to $14.73.

InvenSense Inc (INVN) declared results for its fourth quarter and fiscal year ended March 29, 2015.

Net revenue for the fourth quarter of fiscal 2015 was $99.3 million, down 14 percent from $115.9 million for the third quarter of fiscal 2015, and up 68 percent from $59.0 million for the fourth quarter of fiscal 2014.

Fiscal Year 2015 Results

Net revenue for the fiscal year 2015 was $372.0 million, up $119.5 million, or 47% from $252.5 million for the fiscal year 2014.

GAAP net loss for the fiscal year 2015 was $1.1 million, contrast with net income of $6.1 million for the fiscal year 2014. On a non-GAAP basis, net income for the fiscal year 2015 was $42.7 million, or $0.46 per diluted share. This compares with non-GAAP net income of $52.3 million, or $0.58 per diluted share for the fiscal year 2014.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics.

At the end of Wednesday’s trade, Barrick Gold Corporation (USA) (NYSE:ABX)‘s shares dipped -3.66% to $12.63.

Barrick Gold Corporation (USA) (ABX) met cost and production targets for the first quarter, reporting net earnings of $57 million. Adjusted net earnings were $62 million. Operating cash flow was $316 million. Gold production guidance for 2015 remains at 6.2-6.6 million ounces, with production 55 percent weighted to the second half of the year, in line with plan. Costs are also predictable to be 20 percent lower in the second half of the year, with full-year all-in sustaining costs in line with guidance of $860-$895 per ounce.

Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.

JD.Com Inc (ADR) (NASDAQ:JD), ended its Wednesday’s trading session with -3.62% loss, and closed at $32.48.

JD.Com Inc (ADR) (JD) declared that it plans to release its unaudited first quarter 2015 financial results on Friday, May 8, 2015, before the market opens.

JD.com’s administration will hold a conference call at 7:30 am, Eastern Time on May 8, 2015, (7:30 pm, Beijing/Hong Kong Time on May 8, 2015) to talk about the first quarter 2015 financial results.

JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.

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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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