BofA/Merrill Lynch Downgrades E-Commerce China Dangdang (DANG) to Neutral

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E-Commerce China Dangdang (DANG) Posts Break Even Q1 Loss

May 15, 2014 6:28 AM EDT

E-Commerce China Dangdang (NYSE: DANG) reported Q1 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $279.2 million versus the consensus estimate of $281.76 million.

Dangdang had approximately 8.6 million active customers including approximately 2.8 million new customers in the first quarter of 2014,... More