Key Developments: Shanda Games Ltd (GAME.O)
4.08USD
18 Jun 2013
$0.03 (+0.74%)
$4.05
$3.99
$4.17
$3.97
506,720
535,700
$4.40
$2.68
Latest Key Developments (Source: Significant Developments)
Shanda Games Ltd Issues Q2 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the second quarter of 2013, it expects revenues to be flat compared with first quarter of 2013. The Company reported revenue of $173 million in the first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $190 for the second quarter of 2013. Full Article
Shanda Games Ltd Appoints New President
Shanda Games Ltd announced that Mr. Tunghai Chien has been appointed as the Company's new President. Full Article
Shanda Games Ltd Issues Q1 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the first quarter of 2013, it expects revenues to be flat compared with the fourth quarter of 2012. The Company reported revenue of $172.10 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $174.33 for the first quarter of 2013. Full Article
Shanda Games Ltd Issues Q4 2012 Revenue Guidance Above Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the fourth quarter of 2012, it expects revenues to be flat compared with the third quarter levels. The Company reported revenues of $170.40 in the third quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $178.51 for the fourth quarter of 2012. Full Article
Shanda Games Ltd Announces Management Changes
Shanda Games Ltd announced that Mr. Qunzhao Tan has resigned as the Company's Chief Executive Officer and Chairman of the Board of Directors. Mr. Xiangdong Zhang, the Company's chief producer and chief operating officer, has been appointed the new Chief Executive Officer and Mr. Tianqiao Chen, one of the Company's Board members, became Chairman of the Board of Directors. Mr. Qunzhao Tan will remain a member of the Company's Board of Directors. Full Article
Shanda Games Ltd Issues Q3 2012 Guidance Above Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the third quarter of 2012, it expects revenues to decline by 4% to 5% sequentially. The Company reported revenues of $178.7 in the second quarter of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $170.7 million for the third quarter of 2012. Full Article
Shanda Games Ltd Issues Q2 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the second quarter of 2012, it expects revenues to decline by 15% to 20% sequentially. The Company reported revenues of $220.7 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $183.2 million for the second quarter of 2012. Full Article
Shanda Games Ltd Issues Q1 2012 Revenue Guidance Inline With Analysts' Estimates-Conference Call
Shanda Games Ltd announced that for the first quarter of 2012, it expects revenues to grow 2% to 4% sequentially. The Company reported revenue of $215 million in fourth quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $220 million for the first quarter of 2012. Full Article
Shanda Games Ltd Announces Special Cash Dividend
Shanda Games Ltd announced that its board of directors declared a special one-time cash dividend of USD0.51 per Class A or Class B ordinary share, or USD1.02 per American Depositary Share (ADS). Record holders of the Company's Class A and Class B ordinary shares at the close of business on December 20, 2011 (the Record Date) will be entitled to receive the special dividend. Holders of the Company's ADSs, each representing two Class A ordinary shares, as of the Record Date will be entitled to the special dividend. JPMorgan Chase & Co., depositary bank for Shanda Games' ADR program, expects to pay out dividends to ADS holders on or at around January 20, 2012. The total amount of cash to be distributed for the special dividend is expected to be approximately USD285 million. Full Article
Shanda Games Limited Issues Q3 2011 Revenue Guidance Above Analysts' Estimates-Conference Call
Shanda Games Limited announced that it expect revenues in third quarter of 2011 to grow 3% to 4% sequentially. The Company reported revenues of $204 million in second quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $207 million for the third quarter of 2011. Full Article
Earnings vs. 
Estimates
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