Seeking Alpha

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

  • 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)
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