Renren EPS beats, revenue misses, guidance light; shares plunge

|About: Renren Inc. (RENN)|By:, SA News Editor

Renren (RENN): Q2 EPS of -$0.03 beats by $0.04.

Revenue of $49.6M (+10.7% Y/Y) misses by $5.5M.

8.9M shares repurchased.

Q3 revenue guidance of $47M-$49M (-3% to -7% Y/Y), well below $64.6M consensus.

Shares -11% AH. (PR)