E-Commerce China Dangdang (DANG) Misses Q3 EPS by 1c; Guides Q4 Revs, GMV

E-Commerce China Dangdang (NYSE: DANG) reported Q3 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $326.3 million versus the consensus estimate of $323.4 million.

Dangdang had approximately 9.6 million active customers including approximately 3.6 million new customers, in the third quarter of 2014, representing increases of 14% and 24%, respectively, from the corresponding period in 2013. Total orders for the third quarter of 2014 were approximately 18.8 million, a 19% increase from the corresponding period in 2013.

Mobile orders accounted for 24% of total orders for the third quarter of 2014, compared with 10% for the corresponding period in 2013.

Outlook:

Dangdang expects total net revenues in the fourth quarter of 2014 to be approximately RMB2.5 billion, representing year-over-year growth of around 27%. The Company also expects GMV from its marketplace to grow at a rate of 60% year-over-year to approximately RMB2.23 billion in the fourth quarter of 2014. This forecast reflects Dangdang's current and preliminary view, which is subject to change.

For earnings history and earnings-related data on E-Commerce China Dangdang (DANG) click here.

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