Shanda Games (GAME +1.7%) gains after its Q3 beats estimates on on better gross margins and...

|About: Shanda Games Ltd (GAME)|By:, SA News Editor

Shanda Games (GAME +1.7%) gains after its Q3 beats estimates on on better gross margins and higher net sales. Profit climbed 19% Y/Y as the Chinese online-game developer increased its average number of paying users by 4.5% Q/Q, however monthly average revenue per paying user fell 2.9% sequentially, and average monthly active users for all games declined 13%.