Key Developments: Perfect World Co Ltd (PWRD.O)
11.89USD
17 May 2013
$-0.08 (-0.67%)
$11.97
$12.00
$12.32
$11.75
472,071
404,415
$12.76
$8.92
Latest Key Developments (Source: Significant Developments)
Perfect World Co Ltd Declares Annual Cash Dividend
Perfect World Co Ltd announced that on March 10, 2013, the Board of Directors declared annual cash dividends in the aggregate amount of approximately USD22 million to our shareholders of record as of the close of business on April 8, 2013 (Eastern Time), at USD0.09 per Class A or Class B ordinary share, or USD0.45 per ADS, each representing five Class B ordinary shares of the Company. The cash dividends are expected to be distributed in or around April 2013. Full Article
Perfect World Co Ltd Issues Q1 2013 Revenue Guidance Below Analysts' Estimates
Perfect World Co Ltd announced that for the first quarter of 2013, it expects total revenues to be between RMB592 million and RMB619 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of RMB770 million for the first quarter of 2013. Full Article
Perfect World Co Ltd Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Perfect World Co Ltd announced that for the fourth quarter of 2012, it expects current operations, total revenues to be between RMB661 million and RMB696 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of RMB721 million for the fourth quarter of 2012. Full Article
Perfect World Co Ltd Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Perfect World Co Ltd announced that for the third quarter of 2012, it expects total revenues to be between RMB643 million and RMB676 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of RMB764 million for the third quarter of 2012. Full Article
Perfect World, Ltd. Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Perfect World, Ltd. announced that for the second quarter of 2012, it expects revenue to be between RMB647 million and RMB683 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of RMB783 million for the second quarter of 2012. Full Article
Perfect World, Ltd. Issues Q1 2012 Revenue Guidance
Perfect World, Ltd. announced that for the first quarter of 2012, it expects revenues to be in the range of RMB714-RMB753 million. Full Article
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Perfect World, Ltd.
Law Offices of Howard G. Smith announced that it is investigating potential claims on behalf of investors of Perfect World., Ltd concerning possible violations of the federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding Perfect World’s business, operations and financial condition were false and misleading. Perfect World, through its subsidiaries, operates as an online game developer and operator in China, the United States, Japan and Southeast Asia. Specifically, the investigation relates to recent allegations posted on an Internet forum alleging that the Company is under investigation by both Chinese and U.S. regulators due to possible related-party transactions between Perfect World and the Company’s chief executive officer. On this news, the Company’s shares declined $3.19 per share, more than 26%, to close on January 9, 2012, at $8.81 per share on heavy trading volume. Full Article
The Rosen Law Firm Announces Investigation Of Perfect World, Ltd.
The Rosen Law Firm announced that it is investigating potential securities claims against Perfect World Co., Ltd. (NASDAQ: PWRD) resulting from allegations that the Company may have issued materially misleading statements and business information to the investing public. The Rosen Law Firm is investigating recent allegations in the Chinese internet forum Tianya Club that CEO Chi Yufeng engaged in undisclosed related party transactions with the Company. In addition, there are allegations that the Company is under investigation by Chinese and U.S. regulators concerning the related party transactions. The Rosen Law Firm is investigating a securities class action lawsuit on behalf of Perfect World investors to recover their investment losses. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Perfect World, Ltd.
Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential securities fraud at Perfect World, Ltd. On September 15, 2011, Perfect World announced that it had cut its quarterly outlook by $8.5 million. On this unexpected news, Company shares plunged by 18% on extremely heavy trading volume. On November 22, Perfect World shares dropped 14.4% after the Company released its quarterly earnings report. Perfect World only reached the lower end of its revised guidance, and was significantly outperformed by industry peers. Then, on January 9, 2012, Perfect World shares plunged by 26.58% after the popular Chinese internet forum Tianya Club published a story alleging that the Company is under investigation by Chinese and U.S. regulators. The investigation is said to focus on related party transactions made by Company founder and CEO Chi Yufeng. Perfect World closed on January 9, 2012 at $8.81 compared to $22.64 a year prior. Full Article
Perfect World, Ltd. Issues Q4 2011 Revenue Guidance
Perfect World, Ltd. announced that for fourth quarter of 2011, it expects total revenues for the fourth quarter of 2011 are expected to be between RMB695 million and RMB737 million, representing a range similar to the revenues in the third quarter of 2011, but still an increase of 18% to 26% on a year-over-year basis. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
