Bloomberg News

RenRen Posts Narrower First-Quarter Loss as Sales Increase 47%

June 20, 2011

June 20 (Bloomberg) -- RenRen Inc. reported a narrower first-quarter loss as revenues rose, led by advertising sales.

The company posted a loss of 1 cent a share for the period, down from 5 cents a share a year ago. Revenue rose 47 percent to $20.6 million.

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