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Tuesday, March 12, 1:23 PM A selloff in Shanghai and poor guidance from Perfect World (PWRD -7.9%) lead some Chinese Internet stocks to underperform. YY -7.1%. BIDU -2%. SINA -2.5%. GAME -2.6%. Citi has downgraded Perfect World to Neutral on sales and margin concerns. On the earnings call, management mentioned sales of PWRD's popular Torchlight 2 game are expected to see a Q1 drop. One title the company has high hopes for (Neverwinter) will launch in Q2, while two others (Saint Seiya and Swordsman Online) are expected around mid-year. Comment! [Tech, On the Move, Earnings]
Friday, March 8, 5:37 PM After-hours top gainers, as of 5:15 p.m.: ELN +7%. THOR +3%. GAME +3%. TTI +2%. VELT +2%.
After-hours top losers: RMBS -4%. LKQ -4%. EZPW -4%. MBLX -3%. CYS -3%. Comment! [On the Move]
Monday, February 25, 4:33 PM Shanda Games (GAME): Q4 EPS of $0.15 misses by $0.02. Revenue of $172.1M (-20% Y/Y) beats by $0.14M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, November 26, 2012, 4:37 PM Shanda Games (GAME): Q3 EPS of $0.17 beats by $0.01. Revenue of $170.4M (-20.1% Y/Y) in-line. (PR) Comment! [Earnings, Consumer]
Monday, August 27, 2012, 11:06 AM 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. Comment! [Tech, Earnings]
Thursday, August 16, 2012, 1:06 PM Chinese Internet stocks are rallying, as pleasing earnings reports from Sina and messaging/gaming giant Tencent (TCEHY.PK) more than offset a miss from NetEase. BIDU +2.5%. SOHU +5.5%. GAME +4.9%. YOKU +5.9%. TUDO +5.5%. CYOU +2.1%. Tencent, which received a favorable WSJ write-up ahead of earnings, rose 6.4% in Hong Kong after reporting revenue of $1.65B (+56% Y/Y) and net income of $487M. 4 Comments [Tech, On the Move]
Monday, June 11, 2012, 4:35 PM Shanda Games (GAME): Q1 EPS of $0.22 beats by $0.03. Revenue of $220.7M (+10.9% Y/Y) in-line. (PR) Comment! [Earnings, Consumer]
Wednesday, February 22, 2012, 3:01 PM Shanda Games (GAME +7.9%) gains after beating Q4 estimates late yesterday. Profit rose 23.7% Y/Y as the game developer's overseas product sales and expanded game portfolio helped lift revenue. 1 Comment [On the Move, Earnings]
Tuesday, February 21, 2012, 5:24 PM Shanda Games (GAME): Q4 EPS of $0.19 beats by $0.02. Revenue of $215.2M (+23.7% Y/Y) in-line. (PR) 1 Comment [Earnings, Consumer]
Monday, November 28, 2011, 8:53 AM China's highly-competitive online gaming market is forecast to grow from $5B in 2010 to $8B in 2014, according to Pearl Research. Tencent (TCEHY.PK) is the market's hands-down leader, with an estimated $1.4B in 2010 revenue, and is followed by Netease.com (NTES), Shanda Games (GAME), Perfect World (PWRD), and Changyou (CYOU). Perfect World was crushed last week following its Q3 report. Comment! [Tech]
Friday, November 18, 2011, 10:10 AM 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%. Comment! [Global & FX, Tech]
Monday, October 31, 2011, 10:08 AM Chinese online game developer Changyou.com (CYOU -18%) crashes after reporting Q3 results. While revenue of $119M (+39% Y/Y) and EPS of $1.01 beat by $1.5M and $0.02, the company's in-line Q4 guidance (revenue of $122M-$125M and EPS of $1.09-$1.12 vs. consensus of $123.1M and $1.10) isn't sitting well with investors. Rival GAME is down 6%. Comment! [Tech, Earnings, On the Move]
Thursday, August 25, 2011, 1:24 PM Chinese gamer Shanda Games (GAME +11.2%) flies in the face of broad market headwinds, thanks to a stock upgrade to Buy from Hold at Deutsche Bank. A successful Q2 saw margins drop on higher input costs and salaries, but impressive revenue growth and the successful launch of several new games. Comment! [Tech, On the Move]
Wednesday, September 8, 2010, 12:10 AM Notable earnings after Wednesday's close: GAME Comment!
Tuesday, June 1, 2010, 12:10 AM Notable earnings after Tuesday's close: GAME, PSS Comment!
Monday, March 1, 2010, 9:00 AM Premarket gainers: OSIP +51%. CIIC +29%. AIG +14%. BIOD +13%. RISK +12%. MIL +11%. EP +5%. ARIA +5%. VVUS +5%. AIS +4%.
Losers: PUK -14%. GAME -13%. MXB -8%. LYG -7%. HBC -7%. RBS -7%. IRE -6%. TASR -5%. SIRI -4%. BCS -4%. AIB -4%. 2 Comments

GAME Shanda Games Ltd

GAME

Shanda Games Ltd