On Friday, Cheetah Mobile Inc. (NYSE:CMCM)’s shares surged 7.49% to $23.67, while its weekly performance remained better, showing an upward trend up to 17.82%.
This week, Cheetah Mobile declared that it has signed a commercial contract with Nanigans, Inc., a leading worldwide provider of social and mobile advertising software and pioneer in advertising automation software. The commercial contract comes in conjunction with Cheetah Mobile’s recent planned investment as the lead investor in Nanigans US$24 million Series B financing.
Following the commercial contract between Cheetah Mobile and Nanigans, Cheetah Mobile will be the exclusive partner of Nanigans in the Greater China region to manage campaigns for advertisers using Nanigans advertising automation software. In addition, Nanigans will be the exclusive third-party advertising automation software provider used by Cheetah Mobile for advertising spend in certain social and mobile apps, until the end of the term of the commercial contract. Furthermore, Nanigans presently plans to integrate Cheetah Mobile’s advertising inventory onto the Nanigans platform, and the two companies will cooperate on co-marketing activities.
Cheetah Mobile has been rapidly expanding its advertising efforts to complement its industry-leading user base of more than 395 million mobile monthly active users. The Company recently declared that it reached a definitive contract to attain global mobile advertising network MobPartner. Cheetah Mobile’s partnership with and investment in Nanigans will accelerate the Company’s expansion efforts by unlocking the Chinese market for Nanigans, improving advertising campaigns across social and mobile channels, and opening up Cheetah Mobile’s existing inventory to Nanigans’ influential customer base.
Cheetah Mobile Inc. operates a platform that offer mission critical applications for its users and global content distribution channels for its business partners in the People’s Republic of China. The company’s mission critical applications optimize Internet and mobile system performance and provide real time protection against known and unknown security threats.
Matador Resources Company (NYSE:MTDR)’s shares gained 2.99% to $27.25, during the last trading session on Friday, while its weekly performance remained better, showing an upward trend up to 17.81%.
This week, an independent energy company declared that it has priced a private offering of $400 million of 6.875% senior unsecured notes due 2023. The notes will be issued at par. Matador raised the size of the offering from the formerly declared $350 million to $400 million. The offering is predictable to close on April 14, 2015, subject to customary closing conditions.
Matador intends to use the net proceeds from the offering primarily to repay a portion of the outstanding borrowings under its revolving credit facility and the debt assumed in connection with the merger of Harvey E. Yates Company with and into Matador’s wholly-owned partner, to fund a portion of its future capital expenditures and for other general working capital needs.
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and attainment of oil and natural gas resources in the United States.
At the end of Friday’s trade, Apogee Enterprises, Inc. (NASDAQ:APOG)’s shares gained 5.08% to $52.31, hitting its highest level, while its weekly performance remained Best, showing an upward trend up to 17.71%.
This week, Apogee declared fiscal 2015 fourth-quarter and full-year results. Apogee provides distinctive solutions for enclosing commercial buildings and framing art.
“Apogee’s growth engine continued in the fourth quarter as we again grew proceeds in the double digits and revenue more than 50 percent,” said Joseph F. Puishys, Apogee chief executive officer. “Performance across the company was strong, with double-digit earnings and proceed growth in three of four segments.
“I am happy with our fourth-quarter operating margin of 8 percent, up 240 basis points from the preceding-year period, as we leverage the strong growth in our architectural markets and continue to improve productivity,” he said. “Backlog was up significantly from the preceding year and essentially held at the high third-quarter level even as we grew fourth-quarter proceeds 15 percent.”
Apogee Enterprises, Inc., together with its auxiliaries, designs and develops glass solutions for enclosing commercial buildings and framing art primarily in the United States, Canada, and Brazil. The company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment is involved in the fabrication of coated, high-performance architectural glass.
Turquoise Hill Resources Ltd. (NYSE:TRQ), ended its Friday’s trading session with 1.61% gain, and closed at $3.79, while its weekly performance remained better, showing an upward trend up to 16.98%.
Formerly on March 24, Turquoise Hill declared its financial results for the year ended December 31, 2014. All figures are in US dollars unless otherwise stated.
FINANCIAL RESULTS:
In 2014, Turquoise Hill recorded net revenue of $31.8 million ($0.02 per share), with losses (counting charges for impairment) regardingSouthGobi partly offsetting Oyu Tolgoi’s results. Net revenue from ongoing operations was $141.0 million ($0.07 per share), 44% higher than in 2013. The raise follows the first full year of operations at Oyu Tolgoi, delivering gross margin of $372.1 million, or 22.6% of proceed, combined with reduction in general and administrative expenditure. Operating cash flows from ongoing operations were $671.6 million in 2014 as Oyu Tolgoi achieved a full year of sales and reduced inventory levels, generating Turquoise Hill’s first positive annual operating cash flow of $658.3 million.
Additions to property, plant and equipment were $87.7 million in the year, counting about $60.0 million for sustaining capital activities and construction of tailings storage facility. Cash capital expenditure of $203.6 million comprises settlement of accrued payables for additions to property, plant and equipment in preceding years; significantly lower than 2013 at $1.1 billion which comprised of completion and commissioning of open pit operations, underground development for the first half of 2013, and payment of accrued capital payables from 2012.
Turquoise Hill’s cash and cash equivalents at December 31, 2014 were $862.8 million, as the result of positive cash flows from Oyu Tolgoi, and repayment received in full for Turquoise Hill’s $115.0 million Mongolian Treasury Bill, which matured on October 19, 2014.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia.
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