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Chinese Internet Stocks Extend Gains
Chinese Internet Companies See Broad Gains Thursday

Five Below (NASDAQ: FIVE) shares gained 16.55% to $44.29 in the pre-market after the company reported better-than-expected fourth-quarter results. The company posted its quarterly adjusted earnings of $0.47 per share on revenue of $212 million. However, analysts were projecting earnings of $0.45 per share on revenue of $207.8 million.

China XD Plastics Company (NASDAQ: CXDC) surged 11.48% to $5.44 in pre-market trading after the company reported Q4 results. China XD Plastics reported its Q4 earnings of $0.89 per share on revenue of $384.60 million.

Youku Tudou (NYSE: YOKU) shares jumped 10.09% to $30.55 in pre-market trading on a report that Tencent will take a 20% stake in Youku Tudou.

Himax Technologies (NASDAQ: HIMX) shares gained 6.33% to $12.61 following announcement of Facebook (NASDAQ: FB) purchase of Oculus VR.

Posted-In: PreMarket GainersNews Pre-Market Outlook Markets Movers

 

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