Renren (RENN) Higher Following Strong Q1 Results
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After closing up 8 percent yesterday, China's Renren (NYSE: RENN) is up an additional 2.5 percent pre-market following its first-quarter earnings report.
Renren had a loss of 4 cents per share on revs of $20.6 million in the quarter, both stronger than the loss of 14 cents per share and revs of $14.02 million reported in the same period last year. Looking ahead, Renren sees Q2 sales of $29 to $30 million.
Renren had a loss of 4 cents per share on revs of $20.6 million in the quarter, both stronger than the loss of 14 cents per share and revs of $14.02 million reported in the same period last year. Looking ahead, Renren sees Q2 sales of $29 to $30 million.
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