Changyou.com Jumps 4% on Q1 Results

Changyou.com

released its fiscal Q1 earnings results on Monday prior to the opening bell. The company reported net income attributable to the company of $65.25 million versus $58.40 million in the year ago period. Adjusted income on a per share basis, was $1.24 compared to $1.13 last year. This compared to analysts' consensus EPS estimates of $1.09. Revenue in the quarter came in at $136.76 million from $104.91 million in the year ago quarter. This also exceeded analysts' consensus revenue estimates of $132.14 million. Looking ahead to Q2, the company sees total revenue between $139.5 million and $143.5 million. Non-GAAP EPS is expected to be between $1.08 and $1.12. On Monday, CYOU shares have risen 4.06% to $25.11 in the wake of the company's strong earnings report.