China Finance Online Co. Ltd. (JRJC) reported a net loss for the third quarter of US$1.03 million or US$0.05 per ADS, compared to net income of US$4.77 million or US$0.21 per ADS in the year-ago quarter.
Non-GAAP net income for the quarter fell to US$600 thousand or US$0.03 per ADS from US$6.38 million or US$0.28 per ADS in the same quarter
Revenues for the quarter decreased to US$14.58 million from US$15.23 million in the prior-year quarter.
Two analysts polled by Thomson Reuters expected the company to report a loss of US$0.06 per ADS, on revenues of US$12.99 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead for the fourth quarter, the company expects to generate net revenues in an amount ranging from US$13.0 million to US$14.0 million, compared to US$15.28 million. Analysts currently expect revenues of US$13.52 million for the fourth quarter.
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