Seeking Alpha

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)

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (1)
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    "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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs