This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Renren's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Renren, Inc (RENN)

Q2 2012 Earnings Call

August 07, 2012, 9:00 pm ET


Sam Lawn – Director, Investor Relations

Joseph Chen – Chairman and Chief Executive Officer

Hui Huang – Chief Financial Officer

James Jian Liu – Chief Operating Officer and Executive Director


Timothy Chan – Morgan Stanley Asia Ltd.

Jiong Shao – Macquarie Capital Securities Ltd.

Eddie Leung – Merrill Lynch Far East Ltd.

Alicia Yap – Barclays Capital Asia Ltd.

Amanda Sigouin – Jefferies & Co., Inc.

Wallace Cheung – Credit Suisse (Hong Kong) Ltd.

Alex Yao – Deutsche Bank AG (Broker China)

Ming Zhao – UBS Securities

Andy Yeung – Oppenheimer Securities

Fawne Jiang – Brean, Murray, Carret & Co. LLC

Muzhi Li – Citigroup



Ladies and gentlemen, thank you for standing by and welcome to the Q2, 2012 Renren, Inc. earnings conference call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. (Operator Instructions) I must advise you that this conference is being recorded today 8 th of August 2012.

I would now like to hand the conference over to your first speaker today Investor Relations Director, Sam Lawn. Thank you. You may begin.

Sam Lawn

Thank you. And welcome to our second quarter 2012 earnings conference call. Joining me on the call today are Joe Chen, Chairman and Chief Executive Officer; James Liu, Chief Operating Officer; and Hui Huang, Chief Financial Officer.

For today’s agenda, management will discuss highlights for the second quarter 2012. This will be followed by question-and-answer session. Before we continue, I refer you to our Safe Harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs