On Monday, Cloud Peak Energy Inc. (NYSE:CLD)’s shares declined -6.98% to $6.40.
Cloud Peak Energy Inc. (CLD) declared the preliminary voting results from the annual meeting. The company’s stockholders have:
- elected current directors Colin Marshall and Steven Nance to its Board of Directors to serve until Cloud Peak Energy’s 2018 annual meeting;
- ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the 2015 fiscal year;
- approved, on an advisory basis, the compensation of Cloud Peak Energy’s named executive officers, as revealed in its 2015 proxy statement;
- not approved the company-recommended amendment to the Cloud Peak Energy bylaws regarding proxy access; and
- approved the non-binding stockholder proposal regarding proxy access, which requests the Board of Directors to adopt a proxy access bylaw reflecting the proponent’s proxy access requirements and present the bylaw to stockholders for approval.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
Tuniu Corp (NASDAQ:TOUR)’s shares dropped -6.27% to $18.70.
Tuniu Corp (TOUR) declared that it plans to release its unaudited financial results for the first quarter ended March 31, 2015, before the market opens on Monday May 25, 2015.
Tuniu’s administration will hold an earnings conference call at 8:00 am Eastern Time on May 25, 2015 (8:00 pm Beijing/Hong Kong time on May 25, 2015).
Tuniu Corporation provides online leisure travel services in China. It offers packaged tours counting organized tours and self-guided tours, and travel-related services for leisure travelers covering various 140 countries, in addition to various popular tourist attractions in China.
At the end of Monday’s trade, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)‘s shares dipped -6.03% to $9.50.
JA Solar Holdings Co., Ltd. (ADR) (JASO) declared its unaudited financial results for its first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Total shipments were 681.5 megawatts (“MW”), an enhance of 6.8% y/y and decrease of 28.5% sequentially
- Shipments of modules and module tolling were 584.1 MW, an enhance of 50.5% y/y and decrease of 33.6% sequentially
- Shipments of cells and cell tolling were 97.4 MW, a decrease of 61.1% y/y and an enhance of 33.2% sequentially
- Net revenue was RMB 2.4 billion ($387.7 million), an enhance of 5.6% y/y and a decrease of 32.8% sequentially
- Gross margin was 16.1%, a decrease of 60 basis points y/y and an enhance of 60 basis points sequentially
Net revenue was RMB 2.4 billion ($387.7 million), an enhance of 5.6% y/y and a decrease of 32.8% sequentially. Year over year growth was driven by strong demand in the Japanese and European markets.
Gross profit of RMB 386.7 million ($62.4 million) raised 1.6% y/y and reduced 30.2% sequentially. Gross margin was 16.1%, which compares to 16.7% in the year-ago quarter, and 15.5% in the fourth quarter of 2014. The sequential gross margin enhance was driven by reduced raw material costs and high exposure to Japan where pricing was higher.
JA Solar Holdings Co., Ltd., together with its auxiliaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies.
Weibo Corp (ADR) (NASDAQ:WB), ended its Monday’s trading session with -5.66% loss, and closed at $15.66.
Weibo Corp (ADR) (WB) declared its unaudited financial results for the quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Net revenues raised 43% year over year to $96.3 million, surpassing the Company’s guidance between $93 million and $96 million.
- Advertising and marketing revenues raised 53% year over year to $79.2 million.
- Weibo Value Added Services (“Weibo VAS”) revenues raised 9% year over year to $17.1 million.
- Net loss attributable to Weibo’s ordinary shareholders reduced 94% year over year to $2.9 million, or $0.01 diluted net loss per share.
- Non-GAAP net income attributable to Weibo’s ordinary shareholders was $2.9 million, or non-GAAP diluted net income per share of $0.01, contrast to a non-GAAP net loss of $4.8 million for the same period last year.
- Non-GAAP adjusted EBITDA was $6.9 million, contrast to a non-GAAP adjusted EBITDA of negative $0.5 million for the same period last year.
First Quarter 2015 Financial Results
For the first quarter of 2015, Weibo stated net revenues of $96.3 million, contrast to $67.5 million for the same period last year. Advertising and marketing revenues for the first quarter of 2015 totaled $79.2 million, contrast to $51.9 million for the same period last year. Weibo VAS revenues for the first quarter of 2015 totaled $17.1 million, contrast to $15.7 million for the same period last year.
Costs and expenses for the first quarter of 2015 totaled $100.6 million, contrast to $75.6 million for the same period last year. Non-GAAP costs and expenses for the first quarter of 2015 was $94.7 million, up 30% from the same period last year. The enhance in non-GAAP costs and expenses was mainly due to an enhance in personnel-related costs, marketing expenditures, revenue share of Weibo VAS and infrastructure-related costs from the growth in traffic.
Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company operates through two segments, Advertising and Marketing Services, and Other Services.
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