Piper Jaffray Comments On Dangdang Inline Guide

According to Piper Jaffray, Dangdang (NASDAQ: DANG) sees a slight beat and inline guide.

Piper Jaffray said that it remains positive on shares of DANG. “Company reported revenue of $105.0 million vs Street $103.4 million. Reported EBITDA of $1.2 million vs. Street at $0.7 million. Company guided June revenue to 51-53% y/y growth vs. Street at 53%. Keep in mind, the company guided March revenue to 50-52% y/y growth and just reported 54%. There was no bottom line guide.”

Dangdang closed yesterday at $20.27.