Chinese children's media site Taomee (TAOM -7.8%) slips despite beating Q4 estimates late...

|About: Taomee Holdings (TAOM)|By:, SA News Editor

Chinese children's media site Taomee (TAOM -7.8%) slips despite beating Q4 estimates late yesterday. Revenue and profits declined y/y, as the company continues to de-emphasize monetization over the near term to rejuvenate growth and enhance user stickiness. The company also lowers guidance below Street estimates. Stifel Nicolaus cuts the shares to Hold on the back of the results.