Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome

Shanda Games Q2 Profit Surges 21%


Shanda Games (NASDAQ: GAME) reported a 21% rise in its second-quarter earnings.

Shanda's quarterly profit surged to 374.4 million Chinese yuan ($60.6 million), or CNY1.40 (22 cents) an American depositary share, versus a year-ago profit of CNY308.4 million, or CNY1.10 an ADS. Excluding one-time items, its per-ADS earnings came in at CNY1.50 (24 cents).

Its revenue declined 4% to CNY1.09 billion, or $175.6 million. However, analysts were projecting a profit of 20 cents an ADS on revenue of $175 million.

Its gross margin rose to 64.6% from 62.4%.

Shanda shares gained 3.08% to $4.69 in after-hours trading.

Posted-In: profitEarnings News


Related Articles (GAME)

View Comments and Join the Discussion!

Top 4 Mid-Cap Stocks In The Semiconductor Equipment & Materials Industry With The Highest Cash

Top 4 Small-Cap Stocks In The Technical Services Industry With The Highest Revenue