Jiayuan.com released fiscal 2011 fourth quarter and full year earnings after the close of the previous trading day. Jiayuan stock price opened on Tuesday with a huge decrease of 20.6 %.
Jiayuan.com’s Q4 financial statements show a net loss of 1.2 million yuan in this quarter versus a net profit of 10 million yuan over the same period last year; the company recognized revenue of 886 yuan ($14.1 million) for the fourth quarter, up 53.6% compared with the same period last year; non-GAAP earnings per share was $0.01, lower than analyst expectation of $0.06.
Merrill Lynch, Citigroup, and Stifel Nicolaus downgraded the respective rating Jiayuan.com. Read more about the rating-cut on Jiayuan.com.
By the closing bell of Tuesday, the Jiayuan.com stock price lost 14.86%, or $1.03, to close at $5.9.