China Finance Online Co. Limited (JRJC: Quote) reported a first-quarter net loss attributable to the company of $1.25 million or $0.01 per share, compared to a net income of $1.39 million or $0.01 per share in the same period last year.
Loss per American Depositary Share, or ADS, for the quarter was $0.06, compared to income of $0.06 per ADS in the year-ago quarter.
Excluding items, adjusted net loss for the quarter was $1.25 million or $0.05 per ADS, compared to an adjusted net income of $1.80 million or $0.08 per ADS in the corresponding period last year.
Net revenues for the quarter declined to $9.1 million from $15.0 million in the comparable quarter last year, hurt mainly by lower subscription fees, advertising revenues and revenues from brokerage-related services.
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by RTT Staff Writer
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