Aug 27 Chinese online game developer Perfect
World Co Ltd reported lower quarterly results on lack
of major launches and forecast current quarter revenue below
analysts' expectations, sending its shares down 6 percent in
The company expects revenue of 643 million yuan ($101.2
million) to 686.3 million yuan in the third quarter, below
analysts' average expectations of 764 million yuan, according to
Thomson Reuters I/B/E/S.
Perfect World, known for its popular role-playing game
"Legend of Martial Arts", also appointed Chief Operating Officer
Robert Xiao to the newly created position of co-chief executive.
The company's second-quarter net income attributable to
Perfect World shareholders fell to 158.2 million yuan, or 3.25
yuan per American Depository Share (ADS), from 316.6 million
yuan, or 4.38 yuan per ADS, a year earlier.
Excluding items, the company earned 3.60 yuan per ADS.
Revenue fell about 13 percent to 676.4 million yuan.
Analysts had expected revenue of 686.3 million yuan.
Shares of the company fell to $9.90 in extended trade. They
had closed at $10.52 on the Nasdaq on Monday.