- After opening higher in the wake of its Q1 beat, Jiayuan.com (NASDAQ:DATE) quickly sold off. Shares had surged in the two weeks prior to the report, thanks in part to a Chinese Internet stock rally.
- Possibly weighing on shares: Though Q1 results beat estimates, Jiayuan is guiding for Q2 revenue of RMB172M-RMB174M ($27.7M-$28M), below a sole analyst estimate of $31M.
- In tandem with the numbers, the Chinese online dating site announced Vast Profit Holdings has upped its going-private offer (first announced in March) to $7.20/share from a prior $5.37/share. That's still 3% below current levels, and 8% below Friday's close.
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Q1 results, PR