E Commerce China Dangdang Earnings: Here’s Why Investors Like These Results
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 5.06%.
E Commerce China Dangdang Inc (ADR) Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.13 in the quarter versus EPS of $-0.24 in the year-earlier quarter.
Revenue: Rose 28% to $243.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: E Commerce China Dangdang Inc (ADR) reported adjusted EPS loss of $0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.15. It beat the average revenue estimate of $235.53 million.
Quoting Management: Ms. Peggy Yu Yu, Dangdang’s Executive Chairwoman commented, “We delivered another quarter of strong performance, marked by solid growth in sales, healthy margin expansion and further growth in our customer base, all of which contributed to our best bottom line performance since the third quarter of 2011. Making a significant investment in marketing and branding while successfully improving our bottom line performance is an important achievement for us.”
Key Stats (on next page)…