China Finance Online Q2 beats the Street
Chinese online provider of financial information China Finance Online Co. Ltd. (Nasdaq: JRJC) reported second-quarter results late Thursday that bested the consensus on Wall Street. Revenues surged 156% year-over-year due to growth in subscription service fees from individual customers, which grew to 89% of revenues in the quarter.
Shares gained 6%, to $1.11, to $19.20 in pre-market trading. For detailed price information and news stories on China Finance, click JRJC.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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