Youku Tudou Inc (YOKU) Releases Quarterly Earnings, Beats Expectations By $0.27 EPS
Youku Tudou Inc (NASDAQ:YOKU) announced its earnings results on Tuesday. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.34) by $0.27, AnalystRatingsNetwork.com reports. The company had revenue of $154.54 million for the quarter, compared to the consensus estimate of $980.65 million. During the same quarter last year, the company posted ($0.10) earnings per share. Youku Tudou Inc’s revenue was up 27.0% compared to the same quarter last year.
Shares of Youku Tudou Inc (NASDAQ:YOKU) traded up 1.85% during mid-day trading on Tuesday, hitting $21.52. The stock had a trading volume of 2,978,946 shares. Youku Tudou Inc has a 52-week low of $17.77 and a 52-week high of $37.74. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $24.35. The company’s market cap is $3.624 billion.
Several analysts have recently commented on the stock. Analysts at T.H. Capital initiated coverage on shares of Youku Tudou Inc in a research note on Monday. They set a “hold” rating on the stock. On the ratings front, analysts at TH Capital downgraded shares of Youku Tudou Inc from a “buy” rating to a “hold” rating in a research note on Monday. Finally, analysts at TheStreet downgraded shares of Youku Tudou Inc from a “hold” rating to a “sell” rating in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.80.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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