Youku Tudou (NYSE:YOKU) Declares Strong Estimates for Fourth Quarter; Stock Hikes – YOKU, KUTV, SOHU, FENG

Shares of Youku Tudou Inc (ADR) (NYSE:YOKU) hiked 3% on Friday after the company provided a better-than-anticipated revenue forecasts for the three months period.

The Chinese online video provider reported that it anticipates its Q4 revenue in the range of 610 million to 630 million Yuan or $97.9 million to $101.1 million, well above the Wall Street’s forecasts of $87.3 million. The firm’s Q3 financial results were also about in line with forecasts.

Youku Tudou announced a loss of $14.6 million or 11 cents an American depository share for the three months period finished Sept 30. The company reported that revenue totaled $79.9 million.

FactSet survey confirms that analysts on average anticipated a loss of 10 cents a share on revenue of $77.2 million.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Ku6 Media Co., Ltd. (ADR) (NASDAQ:KUTV) rose +0.61% to settle at $1.06, Sohu.com Inc. (NASDAQ:SOHU) moved up +0.33% to end at $39.83 while Phoenix New Media Ltd ADR (NYSE:FENG) jumped +0.93% to finish at $3.26 on Friday.

Youku Tudou Inc (ADR) (NYSE:YOKU) last session’s volume of 8.97 million shares was higher than its average volume of 1.46 million shares. The stock after opening at $16.80 hit high price of $18.78 and then closed at $17.06 by scoring +1.07%.

YOKU generated revenue of $197.32 million in the previous twelve months and earned -$50.73 million. The Company showed a negative -25.71% in the net profit margin as well as in its operating margin which remained at -29.08%.

The YOKU’s past twelve months’ price to sales ratio was 14.08 and price to cash ratio remained 4.99. As far as the returns are concerned, YOKU’s return on equity was recorded as -7.51% and return on investment decreased -7.50% while its return on asset stayed at -6.71%.

The stock showed weekly downbeat performance of -4.53% which was maintained for the month at -13.84%. Likewise the negative performance for the quarter was recorded as -2.29% and for the year was -2.85% while the YTD performance remained at 8.87%.

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