Chinese social networking site Renren (RENN) +7.1% premarket after reporting a Q4 profit mainly...

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

Chinese 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.