Seeking Alpha

Shanda Interactive (SNDA) falls 5.8% after reporting Q2 revenue of $264.2M (+26% Y/Y) and EPS of...

Shanda Interactive (SNDA) falls 5.8% after reporting Q2 revenue of $264.2M (+26% Y/Y) and EPS of $0.18, missing consensus by $0.6M and $0.08. Gross margin fell 3.2% Q/Q, driven by a collapse in gross profit for businesses labeled under "Other revenues." One of these businesses is Shanda's Ku6 video site, which Deutsche Bank warned would hurt results.

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