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News Breaks | | | | December 26, 2012 | | 06:03 EDT |  | RENN | Renren renews share repurchase program
Renren announced that its board of directors has authorized the renewal of the company's share repurchase program dated September 29, 2011 for another 12 months from January 1, 2013 to December 31, 2013. During this 12-month period, Renren is authorized, but not obligated, to repurchase up to $48.2M of its American Depositary Shares, representing the remaining balance of its previously announced share repurchase plan that ended in September this year. Renren plans to fund repurchases made under this program from its available cash balance. Under the original share repurchase program of $150M, the company had repurchased 24.2M ADS in total for an aggregate consideration of $101.8M. | |
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News For RENN From The Last 14 Days Check below for free stories on RENN the last two weeks. |
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| May 15, 2013 | | 10:13 EDT |  | RENN | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 06:03 EDT | | RENN | Renren downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Renren after the company's Q2 outlook missed expectations citing a slow ramp-up in SNS advertising and the company's rising investments. | | | May 13, 2013 | | 19:02 EDT |  | RENN | Renren sees Q2 revenue $55M-$57M, consensus $61.6M
Subscribe for More Information | | | 19:01 EDT | | RENN | Renren reports Q1 EPS (1c), consensus (7c)
Reports Q1 revenue $46.6M, consensus $45.23M. Reports Q1 adjusted net income $500,000. | |
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