Perfect World Goes Up And Down After Poor Guidance
Shares of Perfect World (NASDAQ: PWRD) were trading flat after hours, even after posting earnings of $0.55 per share, handily beating consensus expectations of $0.41 per share. Revenue also beat, coming in at $149.6 million.
Initially, shares jumped post-earnings, trading up 4.3 percent to as high as $23.96, before selling off 16.11 percent to a low of $20.10 on the release of guidance towards the lower end of the expected range.
Shares are now nearly unchanged at $22.96.
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