at Benzinga.com (Dec 31, 2014)
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)
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