UPDATE: Dangdang Posts Narrower-Than-Expected Q3 Loss

E-Commerce China Dangdang

reported a narrower-than-expected third-quarter loss. For the current quarter, Dangdang projects revenue of about 1.6 billion yuan ($265 million), versus analysts' estimates of $260 million. Dangdang posted a quarterly loss of CNY100.1 million ($15.9 million), or CNY1.25 per American Depositary Share ($0.20 per share), versus a year-earlier loss of CNY73.4 million, or CNY0.95 per ADS. Its revenue climbed 42% to CNY1.29 billion ($204.9 million). However, analysts were expecting a loss of $0.25 per share on revenue of $201 million. Dangdang's input costs climbed 39%, while total operating expenses rose 45%. Dangdang shares surged 13.86% to close at $4.19 yesterday.