E-Commerce China DangDang Inc. Earnings Cheat Sheet: Swing to a Loss

E-Commerce China DangDang Inc. (NYSE:DANG) reported its results for the third quarter. E-Commerce China Dangdang, through its subsidiaries, operates the Chinese e-commerce website Dangdang, an online bookstore and general merchandise retailer.

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E-Commerce China DangDang Earnings Cheat Sheet for the Third Quarter

Results: Net income for the company was a loss of $11.5 million (15 cents per share). The company reported a profit of $5.2 million in the year-ago quarter.

Revenue: Rose 50% $142.5 million.

Quoting Management: “While our third quarter revenues growth rate is on the same path as previous quarters, our enlarged investment in marketing and fulfillment has strengthened our growth momentum as reflected in our revenue guidance for the fourth quarter,” said Ms. Peggy Yu Yu , Dangdang’s Executive Chairwoman.

Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), eBay Inc. (NASDAQ:EBAY), Mecox Lane Limited ADR (NASDAQ:MCOX),Youku.com (NYSE:YOKU), Baidu (NASDAQ:BIDU), Sina (NASDAQ:SINA), Liquidity Services, Inc. (NASDAQ:LQDT), Gaiam, Inc. (NASDAQ:GAIA), PC Connection, Inc. (NASDAQ:PCCC), PC Mall, Inc. (NASDAQ:MALL), Changyou.com (NASDAQ:CYOU), and Renren Inc (NYSE:RENN).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

 

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