Dangdang's first-quarter revenue fell less than expected share price in Thursday 14%

Absrtact: Beijing time May 16, Dangdang's share price plunged 14% in Thursday, as revenue from the first quarter and outlook for the second quarter fell short of analysts ' forecasts. Dangdang's share price fell 1.67 US dollars in the NYSE in Thursday, at $9.87, or 14.47%. Dangdang Stock Price Week

Dangdang's shares plunged 14% per cent in Thursday, as earnings from the first quarter and second-quarter forecasts fell short of analysts ' forecasts, Beijing time May 16.

Dangdang's share price fell 1.67 US dollars in the NYSE in Thursday, at $9.87, or 14.47%. Dangdang's share price fell to 21% in Thursday.

Although Dangdang's 0.01-dollar earnings in the first quarter were better than analysts ' expected break-even, 279.2 million-dollar revenues were less than analysts ' expected $285.6 million trillion.

Dangdang's guidance for the second quarter is also slightly weaker. When the second quarter is expected to be 311 million U.S. dollars, less than the analyst expected 320.2 million dollars. The fall in Dangdang's share price also stems from the good performance of peer companies, which soared after earnings. Dangdang's share price surged 13% per cent this week before its share price fell in Thursday. In addition, Bank of America downgraded Dangdang's stock rating to "neutral", which also put the price under pressure.