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Renren (RENN) reports a Q1 EPS loss of $0.01 on revenue of $32M, beating Street EPS estimates by...

Renren (RENN) reports a Q1 EPS loss of $0.01 on revenue of $32M, beating Street EPS estimates by $0.01 and revenue expectations by $2M. For Q2, the company sees revenue coming in below estimates at around $41M - $43M. Consensus estimates are for revenue of $46M. Shares +1.5% AH. (PR)
Comments (1)
  • jakekj
    , contributor
    Comment (1) | Send Message
     
    the stock would go up if the trader on the floor would stop favoring the shorts. when buyers try to buy the price up he ll wait a long time time for a load of shorts to come in, so as to push the price down. you dont have to think what side of the trade the floor trader is on.
    15 May 2012, 02:53 AM Reply Like
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