Last $3.39 USD
Change Today +0.04 / 1.19%
Volume 1.2M
RENN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

renren inc-adr (RENN) Snapshot

Open
$3.27
Previous Close
$3.35
Day High
$3.48
Day Low
$3.26
52 Week High
03/5/14 - $4.79
52 Week Low
04/23/13 - $2.52
Market Cap
1.3B
Average Volume 10 Days
1.1M
EPS TTM
$-0.15
Shares Outstanding
263.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RENREN INC-ADR (RENN)

renren inc-adr (RENN) Details

Renren Inc. operates a social networking Internet platform in the People’s Republic of China. The company operates renren.com, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers; Nuomi.com, which offers deep-discount localized social commerce services and products; and 56.com, a video service that allows its users to load, view, and share user generated content videos and other contents, as well as provides Web-based, cross-platform, and mobile games to its users. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. Renren Inc. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

Founded in 2002

renren inc-adr (RENN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

renren inc-adr (RENN) Key Developments

Renren Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Revenue Guidance for the First Quarter of 2014

Renren Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total net revenues of $30,686,000 compared to $43,300,000 a year ago. Loss from operations was $42,596,000 compared to $22,732,000 a year ago. Loss before provision of income tax, loss in equity method investments and non controlling interests, net of income taxes was $53,438,000 compared to $18,426,000 a year ago. Loss before loss in equity method investments and non controlling interests, net of income taxes was $46,384,000 compared to $18,924,000 a year ago. Loss from continuing operations was $28,410,000 against $15,513,000 for the same period a year ago. Net income attributable to company was $101,535,000 or $0.09 per basic and diluted share compared to net loss attributable to company of $21,084,000 or $0.02 per basic and diluted share a year ago. This was primarily due to the $132.7 million gain from the deconsolidation of subsidiaries. Net income per ADS, diluted was $0.27 against net loss per ADS, diluted of $0.06 for the same period a year ago. Adjusted net income was $105,387,000 compared to adjusted net loss of $16,680,000 a year ago. This was primarily due to the $132.7 million gain from the deconsolidation of subsidiaries. For the full year, the company reported total net revenues of $156,691,000 compared to $159,635,000 a year ago. Loss from operations was $113,660,000 compared to $64,185,000 a year ago. Loss before provision of income tax, loss in equity method investments and non controlling interests, net of income taxes was $66,752,000 compared to $39,151,000 a year ago. Loss before loss in equity method investments and non controlling interests, net of income taxes was $59,299,000 compared to $40,071,000 a year ago. Loss from continuing operations was $38,982,000 against $47,542,000 for the same period a year ago. Net income attributable to company was $64,438,000 or $0.06 per basic and diluted share compared to net loss attributable to company of $75,026,000 or $0.07 per basic and diluted share a year ago. This was primarily due to the $132.7 million gain in the fourth quarter of 2013 from the deconsolidation of subsidiaries. Net income per ADS, diluted was $0.17 against net loss per ADS, diluted of $0.20 for the same period a year ago. Adjusted net income was $82,310,000 compared to adjusted net loss of $61,901,000 a year ago. This was primarily due to the $132.7 million gain in the fourth quarter of 2013 from the deconsolidation of subsidiaries For the first quarter of 2014, the company currently expects to generate revenues between $23 million to $25 million, representing 40% to 45% year-over-year decline.

Renren Inc., Q4 2013 Earnings Call, Mar 18, 2014

Renren Inc., Q4 2013 Earnings Call, Mar 18, 2014

Renren Inc. to Report Q4, 2013 Results on Mar 18, 2014

Renren Inc. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Mar 18, 2014

 

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Industry Analysis

RENN

Industry Average

Valuation RENN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.0x
Price/Book 1.0x
Price/Cash Flow 19.9x
TEV/Sales 2.1x
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