Dangdang sees revenue rising

Investor's Business Daily

China's version of Amazon (AMZN) reported a loss of 6 cents per share in Q3 vs. a 20-cent-per-share loss in '12. Analysts were expecting a 9-cent loss. Revenue rose 21.7% to $249.3 mil, but fell short of views for $260.04 mil. Dangdang (DANG) said it had roughly 8.4 mil active customers, a 21% jump since the year-ago quarter. New customers rose 19% to 2.9 mil. Total orders for the quarter rose 13% to 15.7 mil. The company expects Q4 revenue to rise 20%. Shares rose 4.1% to 9.38.

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