Company News for June 15, 2016
• Shares of Baidu, Inc. (BIDU) declined 1.7% after forecasting second quarter revenues between $2.81 billion and $2.82 billion, compared to earlier projected range of $3.12 billion to $3.19 billion
• Alibaba Group Holding Limited’s (BABA) shares rose 3.1% after projecting its sales would increase by 50% by next year
• Shares of Motorcar Parts of America, Inc. (MPAA) surged 10.1% after reporting fiscal fourth quarter revenues of $97 million, a 15.5% year over year increase
• Isle of Capri Casinos, Inc.’s (ISLE) shares jumped 5.2% after announcing fiscal fourth quarter earnings per share of $0.62, beating the Zacks Consensus Estimate of $0.59
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