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Newsletter: Two quarterly revenue exceed expectations

Source: Internet
Author: User
Keywords Everyone revenue view
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Summary: Check the latest quotes Beijing time, August 26 morning News, Nyse:renn announced today the financial report for the second quarter of fiscal year 2014 as at June 30. The report shows that Renren's total net revenue for the second quarter was $25 million trillion, the latest in the decline compared to last year

Nyse:renn announced the financial report for the second quarter of fiscal year 2014 as at June 30, the news of the Beijing time, August 26 morning. The report showed that Renren's total net revenue for the second quarter was $25 million, down 42.4% from the same period last year, with a net profit of $31.3 million for Renren, compared with a net loss of $9.3 million for Renren last year.

According to Yahoo's financial data, 3 of Wall Street analysts on average expect the company's second-quarter total revenue to reach $21.87 million trillion. Earnings showed that Renren's total revenue in the second quarter was $25 million trillion, exceeding analysts ' expectations. (Tangfeng)


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