Chinese game developer KongZhong (KONS +19.3%) soars after reporting Q4 revenue of $39.3M (+9%...

|By:, SA News Editor

Chinese game developer KongZhong (KONS +19.3%) soars after reporting Q4 revenue of $39.3M (+9% Y/Y) and EPS of $0.18; the latter is well ahead of a Street estimate of $0.08. Growth was driven by a 50% Y/Y increase in PC gaming revenue, which offset a 24% decline mobile gaming revenue. KongZhong expects Q1 revenue of $41.5M-$42.5M, above a $39.1M consensus. (transcript)