HSBC Upgrades Youku Tudou (YOKU) to Neutral
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May 23, 2014 8:46 AM EDT
Maxim Group analyst Echo He reiterated a Sell rating on Youku.com (NYSE: YOKU) and cut his price target to $16.00 (from $18.00) following Q1 revenue of $112.7M, 2% below consensus. GAAP EPS loss was ($0.22), narrower than their estimate of ($0.26) and consensus of ($0.23).
Saving on content cost was the main driver of lower-than-estimated loss, He noted.... More
May 23, 2014 8:10 AM EDT
Deutsche Bank maintained a Hold rating on Youku Tudou (NYSE: YOKU) and reduced its price target to $22.00 (from $28.00).
Analyst Alan Hellawell III said, "Youku booked total 1Q revenues of Rmb700m(+36%YoY), in line with the prior guidance range/DBe, but 3% below... More
May 23, 2014 6:21 AM EDT
Youku.com, Inc. (NYSE: YOKU) reported Q1 EPS of (RMB0.88), RMB0.54 better than the analyst estimate of (RMB1.42). Revenue for the quarter came in at RMB700.4 million versus the consensus estimate of RMB712.74 million.
For the second quarter of 2014, the Company expects... More
