ELong Q3 Loss Widens - Quick Facts

(RTTNews) - eLong Inc. (LONG) reported that its third-quarter net loss was RMB50.4 million, wider than RMB33.1 million last year. Net loss per ADS for the latest third quarter were each RMB1.44 or US$0.24, wider than RMB0.96 or US$0.16 in the prior year quarter.

Net revenues for the latest third quarter increased 51% to RMB296.9 million or US$48.5 million, from RMB197.3 million or US$31.4 million in the prior year quarter.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share on revenues of $48.17 million for the quarter. Analysts' estimates typically exclude special items.

eLong currently expects net revenues for the fourth quarter of 2013 to increase by 20% to 30% compared to the fourth quarter of 2012.