Company Beats Top Range of Fourth Quarter Guidance Full Year 2010 Net Revenues Increased by 2 8 % Year-Over-Year
SHANGHAI, China, March 1, 2011 (GLOBE NEWSWIRE) -- Mecox Lane Limited ("Mecox Lane" or the "Company") (Nasdaq:MCOX), which operates one of China's leading online platforms for apparel and accessories, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2010.
Fourth Quarter 2010 Highlights
- Net revenues increased by 5.7% year-over-year to $64.2 million from $60.7 million in the year-ago period
- Net income decreased by 61.7% year-over-year to $1.1 million from $2.9 million in the year-ago period
- Gross profit 1 decreased by 9.3% year-over-year to $25.2 million from $27.8 million in the year-ago period
- Net revenues increased by 28.1% to $227.5 million for the full year 2010 from $177.7 million for the full year 2009
- Net income decreased by 38.4% to $4.4 million for the full year 2010 from $7.2 million for the full year 2009
- Gross profit 1 increased by 17.7% to $94.9 million for the full year 2010 from $80.6 million for the full year 2009
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV