Perfect World Q2 Causes Brief Ruckus With Share Price

Perfect World Co.,Ltd.

fell more than 5 percent but mostly recovered in the extended session when the Chinese game developer posted an in-line second quarter. The company forecast third-quarter revenue of between $155.55 million and $163.2 million. Wall Street expects revenue of $159.82 million. Chief Executive Robert Xiao said second-quarter revenue "were at the high end of our expectations" bolstered by its flagship title Swordsman Online as well as its mobile game business. The company posted earnings of $26.1 million or $0.52 cents per American depositary share, compared with $13.1 million or $0.27 cents per ADS in the year-earlier period. Revenue grew 32 percent to $149.6 million from $113.9 million a year earlier. Analysts expected $0.41 cents a share on revenue of $150.56 million. In after-hours trading, Perfect World changed hands recently at $22.95 a share, down 0.04 percent.