21Vianet Group, Inc. (VNET) Reports Q2 EPS of 5c, Offers FY14 Guidance
4:07 PM ET, 08/27/2014 - Street Insider
21Vianet Group, Inc. (NASDAQ: VNET) reported Q2 EPS of $0.05, $0.05 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $106.1 million versus the consensus estimate of $104.9 million.
For the third quarter of 2014, the Company expects net revenues to be in the range of RMB777 million to RMB813 million, representing approximately 55% growth year over year at the mid point. Adjusted EBITDA is expected to be in the range of RMB153 million to RMB170 million. For the full year 2014, the Company now expects net revenues to be in the range of RMB2.94 billion to RMB3.02 billion, representing approximately 52% growth over 2013 at the mid point. Adjusted EBITDA for the full year 2014 is expected to be in the range of RMB600 million to RMB630 million, representing approximately 68% growth over 2013 at the mid point. The increase in the full year 2014 outlook from our prior guidance primarily reflects the expected contributions from recently announced transactions
The team over at Morgan Stanley believes Melco could see sequential improvements in the third quarter as the renovation of a premium mass area comes to a close.
Additionally, the team noted that Melco is the only gaming operator seeking growth outside of Macau and is scheduled to open City of Dreams Manila in the fourth quarter of 2014.
3:31 am Renren beats by $0.18, beats on revs; guides Q3 revs below consensus (RENN) : Reports Q2 (Jun) earnings of $0.10 per share, $0.18 better than the Capital IQ Consensus Estimate of ($0.08); revenues fell 49.7% year/year to $25 mln vs the $21.87 mln consensus.
Renren net revenues were $15.1 million, a 26.7% decrease from the corresponding period in 2013.
Games net revenues were $9.9 million, a 56.6% decrease from the corresponding period in 2013.
Co issues downside guidance for Q3, sees Q3 revs of $19-21 mln vs. $22.94 mln Capital IQ Consensus Estimate.
Lightinthebox Holding Co Ltd (LITB) Reports In-Line Q2 EPS
6:13 AM ET, 08/20/2014 - Street Insider
Lightinthebox Holding Co Ltd (NYSE: LITB) reported Q2 EPS of ($0.11), in-line with the analyst estimate of ($0.11). Revenue for the quarter came in at $89.8 million versus the consensus estimate of $84.8 million. Lightinthebox Holding Co Ltd sees Q3 2014 revenue of $92-94 million, versus the consensus of $84.95 million.
The online automotive information clearing house is ahead more than 51% so far in August. The stock's four-month advance has left it extended, showing signs of climax-top behavior and more than 100% above its 40-week moving average.