Maintain a flat rating for everyone's shares with the industry

Source: Internet
Author: User
Keywords Everyone company flat is expected
Tags company higher operating operating costs released

Pacific Crown Securities today released a study to maintain a "flat" rating for Nyse:renn shares.

The following is the full report:

First-quarter results better than expected

The first quarter revenue was 24.9 million dollars, better than our estimated 24 million dollars. Gross margin is 35.1%, better than our estimated 31.3%. As a result of higher gross margin and lower than expected operating costs, the adjusted earnings per share of 0.07 U.S. dollars, better than we expected-0.10 U.S. dollars. In the first quarter, the number of independent user logons increased to 51 million, up from 45 million in the previous quarter.

Second quarter revenue outlook weak

The median revenue outlook for the second quarter was $22 million trillion, below our estimated $27.5 million trillion, the fourth consecutive quarter. The executive power of the game business of everyone and the transfer of advertising revenue to the mobile side are facing difficulties. We expect this trend to continue into the second quarter.

Still looking for a rebound

While valuations are backed by 985 million of billions of dollars in cash, we will remain on the sidelines because of the potential price catalysts, particularly the uncertain future of gaming business, and the likely cash consumption over the next few quarters.

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.