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Renren (RENN): Q4 net loss $21.1M vs profit of $44.3M a year earlier and consensus of $28.2M....

Renren (RENN): Q4 net loss $21.1M vs profit of $44.3M a year earlier and consensus of $28.2M. Sales +49% to $48.8M. Increases R&D spending 84% to create new apps and for mobile development. Slowing Chinese growth hurt ad demand. Forecasts Q1 net revenue of $44-46M, +43% Y/Y and vs consensus of $47M. (PR)
Comments (1)
  • "Slowing Chinese growth hurt"

     

    I'm sort of confused I thought that the Cn economy bottomed during the end of the first trimester (spring-summer) of last year and was reviving further coaxed the 3rd trimester with the stimulus and indicated by the inflation.

     

    What is going on?
    11 Mar 2013, 05:21 AM Reply Like
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