Newsletter: Rice net two quarterly revenue in line with analyst expectations

Beijing time August 26 Evening News, Rice (NET (NYSE:TAOM) released today, as of June 30, the second quarter of fiscal year 2014 results. Total net revenue of 10.5 million U.S. dollars, the chain fell 9.8%, down 12.4% year-on-year. Based on non-US general accounting standards, the net loss of 200,000 U.S. dollars, and the first quarter of this year net profit of 1.2 million U.S. dollars, the same period last year net profit of 1.6 million U.S. dollars.

According to Yahoo's financial data, 2 analysts have averaged a 0.02 dollar loss of U.S. depository Receipts (ADS) per share in the second quarter, according to U.S. General Accounting Standards (GAAP). Earnings showed that the rice net in the second quarter of each ads diluted losses of 0.02 U.S. dollars, and analysts expected.

In addition, 2 analysts average forecast, the rice net second quarter total revenue 10.8 million dollars. According to earnings, the rice net's total revenue in the second quarter was 10.5 million dollars, below analysts ' expectations.