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

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