Youku Tudou (NYSE:YOKU) Post Narrower Loss in Fiscal Fourth Quarter

Youku Tudou Inc (ADR) (NYSE:YOKU), China’s biggest web video operator, moved down to record low level in 7 weeks as sales came lower than forecasts.

Youku Tudou announced a loss for fiscal Q4 on Thursday that narrowed from previous year on higher revenues and lower operating costs.

The company estimates revenues for the Q1 to drop sequentially, mentioning a temporary unit impact from the merger between Youku and Tudou Holdings. Shares of company plunged over 11% in extended trading session.

Net loss for fiscal Q4 was RMB 113.57 million or $18.2 million, narrower than pro forma combined net loss of RMB 198.47 million or $31.9 million in similar quarter previous year.

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) fell -2.50% to settle at $1.17, Renren Inc (NYSE:RENN) moved down -1.69% to end at $2.91 while SINA Corp (NASDAQ:SINA) dropped -1.24% to finish at $51.00 on Friday.

Youku Tudou Inc (ADR) (NYSE:YOKU) last session’s volume of 5.98 million shares was surprisingly higher than its average volume of 1.86 million shares. The stock after opening at $20.39 hit high price of $20.39 and then closed at $20.05 by scoring -1.67%.

The liquidity measure in recent quarter results of the company was recorded 4.12 as current ratio. The Company had total cash of $600.91 million at hand and a book value per share as $9.22 in the most recent quarter.

The stock’s price volatility was 6.24% for a week and 4.71% for a month as well as price volatility’s Average True Range for 14 days was 1.10.

YOKU generated revenue of $235.63 million in the previous twelve months and earned -$57.75 million. The Company showed a negative -24.51% in the net profit margin as well as in its operating margin which remained at -27.73%.

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