U.S. Markets open in 3 hrs 51 mins

Renren reports 4Q loss

BEIJING (AP) _ Renren Inc. (RENN) on Monday reported a loss of $93.3 million in its fourth quarter.

On a per-share basis, the Beijing-based company said it had a loss of $1.37. Losses, adjusted for stock option expense, were $1.29 per share.

The social network posted revenue of $20.3 million in the period.

For the year, the company reported that its loss narrowed to $185.4 million, or $2.72 per share. Revenue was reported as $63.4 million.

Renren expects full-year revenue in the range of $20 million to $22 million.

Renren shares have fallen 21 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.25, a drop of 50 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RENN at https://www.zacks.com/ap/RENN


Keywords: Renren, Earnings Report