Taomee Holdings (TAOM) Tops Q1 EPS by 5c; Guides Q2 Revenue Below Consensus

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Taomee Reports First Quarter 2015 Unaudited Financial Results

May 21, 2015 7:23 AM EDT

SHANGHAI, May 21, 2015 /PRNewswire/ -- Taomee Holdings Limited (NYSE: TAOM) ("Taomee" or the "Company"), a leading children's entertainment and media company in China, today reported its unaudited financial results for the first quarter of 2015.

Highlights of the First Quarter of 2015

Total net revenues were US$9.0 million in the first quarter of 2015, an increase of 18.6% from US$7.6 million in the fourth quarter of 2014 and a decrease of 22.9% from US$11.7 million in the first quarter of 2014. This result was slightly above the high end of... More