28.07.2014 07:16:33
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Changyou.com Q2 Profit Dips - Quick Facts
(RTTNews) - Changyou.com Ltd. (CYOU), an online game developer and operator in China, reported Monday that its second-quarter net income attributable to the company fell to $1.9 million from last year's $75.2 million. Earnings per ADS dropped to $0.04 from $1.41.
On average, 6 analysts polled by Thomson Reuters expected loss per share of $0.27 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the second quarter slid 3 percent to $177.8 million. Analysts estimated revenues of $186.69 million for the quarter. Online game revenues fell 9 percent to $153.9 million, while online advertising revenues grew 46% to $14.7 million.
For the third quarter, the firm expects non-GAAP loss per ADS in the range of $0.00 - $0.11, on total revenues of $186.0 million - $192.0 million. Analysts are looking for loss per share of $0.04 for the next quarter.
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