Why Qunar Cayman Islands (QUNR) Stock Is Gaining Today

NEW YORK (TheStreet) -- Qunar Cayman Islands (QUNR) was gaining 7.4% to $31.20 Friday after beating analysts' estimates for revenue in the second quarter.

The company reported a loss of -57 cents a share for the quarter, missing the loss of -53 cents a share estimated by analysts surveyed by Thomson Reuters. Qunar reported revenue of $64.5 million for the quarter, beating analysts' estimates of $56.03 million.

Looking to the third quarter, Qunar expects revenue growth of 90% to 95% year-over-year in the quarter, above analysts' estimates of revenue growth of 83% to $72 million.

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QUNR Chart QUNR data by YCharts

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