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Chinese social networking site Renren (RENN) +7.1% premarket after reporting a Q4 profit mainly...
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Friday, March 9, 2012, 8:39 AM ETChinese social networking site Renren (RENN) +7.1% premarket after reporting a Q4 profit mainly on one-time gains, vs. a loss last year. Revenue rose 57% Y/Y, but lower margins led to an operating loss for the period; online advertising revenue grew 66% Y/Y. RENN offers a strong revenue outlook for the full year 2012.
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