Loading...
Loading...
E-Commerce China Dangdang
DANG 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in