Renren (RENN) -5.3% following its Q3 report. Though Q3 EPS beat estimates with the help of stock...

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

Renren (RENN) -5.3% following its Q3 report. Though Q3 EPS beat estimates with the help of stock buybacks, guidance for Q4 revenue of $45M-$47M is below a $51.1M consensus. Gaming sales rose 120% Y/Y and made up nearly half of revenue. But Internet ad sales fell 14% due to competition and the mobile shift.  Once hyped as the Facebook of China, Renren is proving just one player is a crowded Chinese social media landscape that includes Sina's Weibo and Tencent's Qzone. (PR)