Shanda Games (GAME +0.6%) edges higher after announcing a CEO change to go with a mixed Q2...


Shanda Games (GAME +0.6%) edges higher after announcing a CEO change to go with a mixed Q2 report. Qunzhao Tan, who has held the top job since Jan. '10, is stepping down as chairman and CEO. COO Xiangdong Chen is the new CEO, and board member Tianqiao Chen has been named chairman. Q2 EPS of $0.19 beat by $0.02, but revenue of $178.7M (-14% Y/Y) missed by $3.8M, as the Chinese game developer continues bleeding share to Tencent and others.

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