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Related Topics Technology » Hot Stocks » Asian Markets » China's Renren Inc. Chairman and Chief Executive Officer, Joseph Chen (C) is joined by executives and guests as he rings the opening bell at the New York Stock Exchange, May 4, 2011. Credit: Reuters/Adam Au - NYSE Euronext/Handout Thu Aug 11, 2011 6:17pm EDT (Reuters) - Chinese social networking site Renren Inc posted a small quarterly profit as online advertisement segment rose, but forecast third-quarter revenue largely below market expectations, sending its shares down 8 percent in aftermarket trade. For the third quarter, Renren, dubbed as China's Facebook, expects to report revenue of $33.5-$35.5 million while analysts were expecting $35.2 million, according to Thomson Reuters I/B/E/S. The company reported a net profit of $751,000, or break even per American Depository Share (ADS), compared with a loss of $25.5 million, or 31 cents per ADS, a year ago. Net revenue rose 53 percent to $30.4 million, beating analysts' estimates of $29.5 million. Online advertising revenue rose 94 percent to $16.9 million. Shares of Renren fell 58 cents in trading after the bell. The stock closed at $7.78 on Thursday on the New York Stock Exchange. (Reporting by Supantha Mukherjee in Bangalore; Editing by Don Sebastian) Technology Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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