Dangdang Topples EPS Estimate by 21 Percent, Shares Surge Premarket

E-Commerce China Dangdang

released their Q1 earnings this morning for the three month period ended March 31st. Dangdang announced an EPS loss of $0.15 per share and revenue of 214.44 million. These figures beat earnings by 21.05% and 0.12%, respectively. The company acquired 2.4 million customers in the first quarter, bringing the total amount of active customers to 7.4 million. Gross margin rose to 17.4 percent from 14.2 percent one year prior. This marks the highest margin since the middle of 2011. Dangdang expects second quarter revenue to grow by 23% year over year, commenting they plan to attract more merchants to drive market place growth. Shares closed at $4.94 Wednesday, but are up almost ten percent in premarket trading.