News Summary

Shares of China Real Estate Information Corporation (NASDAQ: CRIC) gained about 8% after the company released its results for the first quarter. CRIC reported its Q1 non-GAAP income from operations at $5.8 million, versus $9.7 million, in the year-ago quarter. Its non-GAAP net income attributable to CRIC shareholders came in at $7.0 million, versus $10.3 million, in the year-ago quarter. CRIC's non-GAAP diluted net income came in at $0.05 per American depositary share (ADS). CRIC's total revenue surged 55% to $42.0 million, from $27.2 million, in the year-ago quarter. However, analysts were expecting earnings of $0.04 per ADS on revenue of $40.11 million. CRIC's revenue from online services jumped 148% to $20.5 million, from $8.3 million, in the year-ago quarter. CRIC projects Q2 revenue of $52 million to 54 million, versus analysts' estimates of $49.77 million.

Shares of Kohlberg Kravis Roberts & Co LP (NYSE: KKR) rose around 0.6% after the company entered into a definitive purchase agreement where KKR will buy Academy Sports + Outdoors with the Gochman family retaining a minority ownership stake. The company hasn't disclosed the financial terms of the deal.

Shares of G. Willi-Food International Ltd (NASDAQ: WILC) dropped about 2.3% after the company released its results for the first quarter. Willi-Food reported its Q1 operating income at NIS 6.8 million (US$ 2.0 million), compared to NIS 10.5 million (US$ 3.0 million), in the year-ago quarter.Willi-Food's net income dropped to to NIS 6.2 million (US$ 1.8 million), from NIS 7.4 million (US$ 2.1 million), in the year-ago quarter. Willi-Food's net income related to its shareholders came in at NIS 6.0 million (US$ 1.7 million), or NIS 0.45 (US$ 0.13) per share, compared to NIS 7.3 million (US$ 2.1 million), or NIS 0.68 (US$ 0.18) per share, in the year-ago quarter. Its sales came in at NIS 88.5 million (US$ 25.4 million), versus NIS 95.0 million (US$ 27.3 million), in the year-ago quarter. However, analysts were expecting earnings of $0.20 per share, on revenue of $30.40 million.

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