Renren plunged in Thursday

Summary: See the latest quotes Beijing time, August 15 Evening News, Nyse:renn Thursday opened the line fell, the largest decline of 15%. As of 21:46, everyone company fell 10%, reported 3.78 U.S. dollars. Everyone company released today as of June 3

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Beijing time August 15 Evening News, Renren (Nyse:renn) in Thursday opened the line fell, the largest decline of more than 15%. As of 21:46, everyone company fell 10%, reported 3.78 U.S. dollars.

Renren today released its unaudited earnings for the second quarter of fiscal year 2013 as of June 30. Earnings showed that Renren's total net revenue for the second quarter was $49.6 million, up 10.7% from a year earlier, and a net loss of $9.3 million, down from $24.9 million a year earlier.

After the release of earnings, the Chairman and CEO of Chen, COO, and CFO Huang, and so on, held earnings conference calls to interpret the earnings points, and answer the analyst questions.

A report by Morgan Stanley today said that Renren's second-quarter results were lower than expected in the 2013 fiscal year. (Vici)