Key Developments: Renren Inc (RENN.N)

RENN.N on New York Stock Exchange

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1:34pm EDT
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$0.16 (+4.80%)
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$3.33
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Latest Key Developments (Source: Significant Developments)

Renren Inc gives Q3 2014 revenue guidance below analysts' estimates
Monday, 25 Aug 2014 08:55pm EDT 

Renren Inc:Expects Q3 2014 revenue ranging from $19 mln - $21 mln representing 48.9 pct - 53.8 pct year-over-year decline.Q3 2014 revenue $ 22.94 mln - Thomson Reuters I/B/E/S.  Full Article

Renren Inc gives Q2 2014 revenue guidance below analysts' estimates
Wednesday, 21 May 2014 07:30pm EDT 

Renren Inc:Expects Q2 2014 revenues in a range of from $21 to $23 million.Q2 2014 revenue estimate $30 mln - Thomson Reuters I/B/E/S.  Full Article

Renren Inc gives Q1 2014 revenue guidance below analysts' estimates
Tuesday, 18 Mar 2014 07:00pm EDT 

Renren Inc:Expects to generate revenues in amount ranging from $23 mln to $25 mln in Q1 2014.Q1 2014 revenue estimate $30 mln - Thomson Reuters I/B/E/S.  Full Article

Renren Inc sells remaining stake in Nuomi Holdings Inc to Baidu Holdings Limited
Thursday, 23 Jan 2014 11:30pm EST 

Renren Inc:Says Baidu Holdings Limited, a subsidiary of Baidu, Inc., Nuomi Holdings Inc. (Nuomi) and Renren have entered into a definitive agreement.Says pursuant to definitive agreement Baidu Holdings Limited will acquire Renren's remaining stake in Nuomi.Says the parties expect to close this acquisition in the first quarter of 2014.  Full Article

Renren Inc issues Q4 2013 revenue guidance below analysts' estimates
Wednesday, 27 Nov 2013 06:02pm EST 

Renren Inc:Sees fourth quarter 2013 revenues ranging from $29-$31 mln.Fourth quarter 2013 revenues of $49 mln - Thomson Reuters I/B/E/S.  Full Article

Baidu Inc's Subsidiary Signs Definitive Agreement With Renren Inc For Strategic Investment In Nuomi Holdings Inc
Friday, 23 Aug 2013 04:40am EDT 

Baidu, Inc and Renren Inc (Renren), a real-name social networking Internet platform in China, jointly announced that Baidu Holdings Limited, a subsidiary of Baidu, and Renren have entered into a definitive agreement (the Agreement), pursuant to which Baidu Holdings Limited will acquire a certain number of newly issued ordinary shares of Nuomi Holdings Inc., a wholly-owned subsidiary of Renren, representing approximately 59% of the equity interest in Nuomi, for a purchase price of USD160 million in cash. Subject to the satisfaction or waiver of the closing conditions provided in the Agreement, the parties expect to close this acquisition in the fourth quarter of 2013.  Full Article

Renren Inc Issues Q3 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Wednesday, 14 Aug 2013 09:00pm EDT 

Renren Inc announced that for the third quarter of 2013, it expects to generate revenues between $49-$47million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $64 million for the third quarter of 2013.  Full Article

Renren Inc Lowers Q2 2013 Revenue Guidance; Issues Q2 2013 Earnings Guidance
Friday, 19 Jul 2013 07:00am EDT 

Renren Inc announced that for second quarter of 2013, it expects revenues to be in the range of USD49 million to USD50 million instead of the previously forecasted range of USD55 million to USD57 million. The reduced estimate is primarily due to delays in the planned launch of new mobile and cross-platform games for the Android market. Operating loss on a non-GAAP basis is estimated to be between USD29 million to USD30 million. Non-GAAP adjusted net loss is estimated to be between USD4 million to USD5 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $55 million for the second quarter of 2013.  Full Article

Renren Inc Announces New $100 Million Share Repurchase Plan
Friday, 28 Jun 2013 06:00am EDT 

Renren Inc announced that its board of directors has authorized a new share repurchase program. Renren's board of directors has authorized, but not obligated, the Company to repurchase up to USD100 million of its own outstanding American Depositary Shares within one year from June 28, 2013. This program replaces the previous $150 million program that was announced on September 29, 2011 and is close to be completed. The repurchases may be made on the open market at prevailing market prices pursuant to Rule 10b5-1 and/or Rule 10b-18 plans, in privately negotiated transactions, in block trades or in other legally permissible ways from time to time depending on market conditions and in accordance with applicable rules and regulations.  Full Article

Renren Inc Issues Q2 2013 Revenue Guidance Below Analysts' Estimates
Monday, 13 May 2013 09:00pm EDT 

Renren Inc announced that for the second quarter of 2013, it expects to generate revenues in an amount ranging from USD55-USD57 million, representing 23%-27% year-over-year growth. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $62 million for the second quarter of 2013.  Full Article

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