eLong Inc.(LONG) on Monday reported a decline in profit for first the quarter to $446 thousand, or $0.12 per ADS, from $11.8 million, or $0.34 per ADS in the comparable quarter prior year, reflecting depressed revenues from the year-ago period.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 for the quarter. Analysts estimates typically exclude special items.
Meanwhile, revenue for the latest quarter totaled $37.20 million, down significantly from $163.89 million in the year-ago quarter. Analysts expected to see revenues of $33.64 million for the current quarter.
Looking forward to the second quarter, eLong expects net revenues to increase by 15% to 25% compared to the second quarter of 2012, reflecting eLong's current and preliminary view. Analysts expect the company to report $41.07 million for the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.