Seeking Alpha

Renren (RENN), sometimes called "the Facebook of China," drops 11% AH after reporting Q3 revenue...

Renren (RENN), sometimes called "the Facebook of China," drops 11% AH after reporting Q3 revenue of $34.2M (+57% Y/Y) and breakeven EPS, missing consensus by $0.9M and a penny. Ad revenue rose 92% Y/Y to $19.6M, and gaming revenue rose 24% to $11M. Renren is guiding for Q4 revenue of $31M-$33M, below a $35M consensus.

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Comments (1)
  • donats
    , contributor
    Comments (9) | Send Message
     
    it is trading way lower any consensus
    10 Nov 2011, 11:41 PM Reply Like
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