E-Commerce China Dangdang (DANG) Tops Q2 EPS by 4c; Sees Sequential Revs Growth

E-Commerce China Dangdang (NYSE: DANG) reported Q2 EPS of $0.06, $0.04 better than the analyst estimate of $0.02. Revenue for the quarter came in at $316.1 million versus the consensus estimate of $314.28 million.

Gross Merchandise Value ("GMV") from the marketplace in the second quarter of 2014 was RMB1,431.4 million ($230.7 million), an 81.6% increase from the corresponding period in 2013.

Dangdang expects total net revenues in the third quarter of 2014 to be approximately RMB 1,983.6 million, representing year-over-year growth of around 30.0%. The Company also expects GMV from its marketplace to grow at a rate of 80.0% year-over-year to approximately RMB1,745.4 million in the third quarter of 2014. This forecast reflects Dangdang's current and preliminary view, which is subject to change. (Revs were RMB1,960.8 million in Q214.)

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

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