Renren Q3 Loss Widens - Quick Facts

(RTTNews) - Renren Inc. (RENN) reported that its third-quarter net loss attributable to the company was US$24.6 million or $0.07 per ADS, wider than US$15.4 million or $0.04 per ADS in the comparable quarter last year.

Adjusted net loss in the latest third quarter was US$19.7 million, wider than US$12.1 million in the corresponding period of 2012.

Total net revenues for the third quarter were US$47.56 million, down 5.6% from US$50.37 million in the prior year quarter.

On average, analysts polled by Thomson Reuters expected the company to report a loss of US$0.10 per share on revenues of US$48.26 million for the quarter. Analysts' estimates typically exclude special items.

The company expects to generate revenues in an amount ranging from US$29 million to US$31 million in the fourth quarter of 2013, representing 36% to 41% year-over-year decline. Analysts expect the company to report revenues of US$48.85 million for the fourth-quarter.