Renren (RENN) Posts Q3 Loss of 7c/ADS

Renren (NYSE: RENN) reported Q3 EPS of ($0.07), $0.03 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $21.6 million versus the consensus estimate of $22.8 million.

"In this quarter, we continued to execute our strategy of focusing on our core business and core user base. We recently divested the video business of 56.com and further streamlined our gaming operations. Meanwhile, we launched Renren Fenqi, a new service which provides credit financing to college students in China, as a new effort to monetize our user base," commented Joseph Chen, Chairman and Chief Executive Officer. "The company is undergoing a challenging transition. But we remain committed to building the long term value for our shareholders through continuous transformation."

For earnings history and earnings-related data on Renren (RENN) click here.

You May Also Be Interested In

• North American Construction (NOA) Tops Q2 EPS by 9c; Offers Guidance
• ArriVent BioPharma, Inc. (AVBP) Misses Q2 EPS by 13c
• Acrivon Therapeutics, Inc. (ACRV) Tops Q2 EPS by 21c