Last $17.77 USD
Change Today -0.24 / -1.33%
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As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

elong inc-sponsored adr (LONG) Key Developments

eLong, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Third Quarter of 2014

eLong Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net revenues for the second quarter increased 25% to RMB 292.4 million (USD 47.1 million), compared to RMB 234.3 million (USD 38.2 million) in the second quarter of 2013. Total revenues for the second quarter increased to RMB 312.4 million (USD 50.4 million). Net income for the second quarter of 2014 was RMB 31.5 million, compared to net loss of RMB 76.1 million during the prior year quarter. Basic net income per ADS and diluted net income per ADS for the second quarter of 2014 was RMB 0.90 (USD 0.14) and RMB 0.88 (USD 0.14) respectively, compared to basic net loss per ADS and diluted net loss per ADS of RMB 2.20 (USD 0.36) in the prior year quarter. Income from operations was RMB 1.875 million against loss of RMB 47.890 million a year ago. Income before income tax benefit/(expense) was RMB 23.831 million against loss of RMB 34.465 million a year ago. Net income attributable to eLong Inc. was $31.462 million against loss of RMB 76.108 million a year ago. Adjusted EBITDA was RMB 47.038 million against loss of RMB 32.042 million a year ago. For the six-month period, the company reported total revenues RMB 575.128 million against RMB 482.724 million a year ago. Loss from operations was RMB 45,052 million against RMB 57.097 million a year ago. Loss before income tax benefit/(expense) was RMB 4.783 million against loss of RMB 29.061 million a year ago. Net loss attributable to eLong Inc. was $3.907 million or RMB 0.06 diluted per share against RMB 73.336 million or RMB 1.06 diluted per share a year ago. eLong currently expects net revenues for the third quarter of 2014 to increase by 10% to 20% compared to the third quarter of 2013. This outlook reflects eLong's current and preliminary view, which is subject to change.

eLong Inc. to Report Q2, 2014 Results on Aug 07, 2014

eLong Inc. announced that they will report Q2, 2014 results at 8:30 PM, US Eastern Standard Time on Aug 07, 2014

eLong Inc., Q2 2014 Earnings Call, Aug 07, 2014

eLong Inc., Q2 2014 Earnings Call, Aug 07, 2014

Expedia Denies Selling Stake In eLong

Expedia Inc. (NasdaqGS:EXPE) has denied rumors of it selling its stake in eLong Inc. (NasdaqGS:LONG). Expedia Inc. called certain rumors reported in Chinese media about the company's majority ownership of eLong inaccurate. Expedia said that it remains a long-term investor in eLong and supports eLong's drive to become the leading Chinese travel site. Expedia added that as a matter of corporate policy, it doesn't comment on market rumors relating to its business.

Ctrip To Reportedly Acquire A Stake In eLong

Ctrip.com International Ltd. (NasdaqGS:CTRP) plans to acquire 65% stake in eLong Inc. (NasdaqGS:LONG) from Expedia Inc. (NasdaqGS:EXPE) though a share swap agreement which values eLong at $800 million to $1 billion, an industry insider said.

 

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TEV/Sales 1.7x
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