E-Commerce China Dangdang Inc.'s (DANG) third-quarter 2014 net income was RMB24.5 million or $4.0 million, as compared with a net loss of RMB27.9 million in the prior-year quarter. Quarterly earnings per ADS were RMB0.29 or $0.05, as against a loss per ADS of RMB0.35 last year.
Net income, excluding share-based compensation expenses, was RMB26.7 million, or $4.3 million for the recent quarter. Non-GAAP earnings per ADS were RMB0.32, or $0.05 during the latest period.
Total net revenues for the quarter reached RMB2.0 billion or $326.3 million, a 31.3% increase from the corresponding period in 2013.
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