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Renren (RENN -5.1%) falls after reporting Q2 revenue of $44.8M (+47.5% Y/Y) and EPS of -$0.06;...

Renren (RENN -5.1%) falls after reporting Q2 revenue of $44.8M (+47.5% Y/Y) and EPS of -$0.06; the latter missed by a penny. Q3 guidance is for revenue of $49M-$51M vs. a consensus of $50.8M. SA's Jiang Zhang likes the 30% Y/Y increase seen in Renren's monthly users and its 122% increase in online gaming revenue, but is concerned about a deceleration in ad revenue growth to 10.5%, which (like Facebook's slowing ad growth) is affected by growing mobile use.
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