China Finance Online Co. JRJC fell sharply in Monday's extended session after the company said fourth quarter revenue from financial services fell 35 percent.
The financial information and services company, which caters to individual investors, saw its shares changing hands recently at $5.40, off $0.79. The shares are up about 16 percent in the year to date.
Net income for the recent period jumped 95 percent to $3.6 million, or $0.14 a share, from $1.9 million, or $0.08 a share a year earlier.
Net revenue declined 29 percent to $18.8 million, from $26.5 million last year.
Revenues from financial services were $13.3 million, a decrease of 35 percent from a year earlier, while advertising revenue amounted to $2.9 million, up 17 percent.
Expense for sales and marketing, as well as general and administrative expense, both fell sharply on lower commissions and reduced stock compensation.
The loss from operations was $1.8 million, compared with $1 million in the fourth quarter of 2013.
Accredited analysts tracked by FactSet don't follow China Finance, and the company didn't immediately provide an earnings outlook.
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