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Tudou (TUDO), which is set to merge with fellow Chinese video site Youku (YOKU), has reported Q2...
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Monday, August 6, 2012, 9:19 AM ETTudou (TUDO), which is set to merge with fellow Chinese video site Youku (YOKU), has reported Q2 revenue of $27.1M (+47.4% Y/Y) and EPS of -$0.80; the results miss consensus by $6.3M and $0.41. Nonetheless, Youku is up 4.8% - the Street seems pleased with its Q2 EPS beat and guidance for Q3 revenue growth of 70%-80% Y/Y, though the latter is below an 86.8% consensus. Youku had a short ratio of 6.4 as of July 13.
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