Changyou.com Q3 Profit Down Marginally - Quick Facts

(RTTNews) - Changyou.com Ltd. (CYOU), an online game developer and operator in China, posted third-quarter 2013 net income attributable to the company of $72.83 million, or $1.36 per ADS, versus $72.93 million, or $1.37 per ADS, a year before. On a non-GAAP basis, earnings per ADS attributable to Changyou.com Ltd. totaled $73.2 million, or $1.37 per ADS in the recent period. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.36 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly total revenues were $183.1 million, compared with last year's $165.78 million, up 10% year-over-year. Ten analysts estimated revenues of $183.35 million for the quarter. Three-month online game revenues increased 7% year-over-year to $161.5 million, and were in line with the company's guidance.

Looking ahead to the fourth quarter of 2013, Changyou expects non-GAAP net income attributable to the company to be between $18.0 million and $22.0 million; non-GAAP earnings per ADS between $0.34 and $0.41; and total revenues ranging between $193.0 million and $199.0 million, including online game revenues of $171.0 million - $176.0 million and online advertising revenues of $16.0 million - $17.0 million. Analysts project fourth-quarter earnings per share of $1.39 on $190.25 million in revenues.