Linktone (LTON) Reports Q2 Loss, Guides Above for Q3 Revenues
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Linktone Ltd. (Nasdaq: LTON) reports a Q2 loss of $0.11, 1 cent worse than estimates. Revenues were $19.1 million vs. $18.03 million consensus.
The Company's affiliated companies terminated their agreements with CYL with regard to QSTV effective July 1, 2008. The termination of these agreements resulted in an impairment charge of $6.0 million with respect to the Company's investment in QSTV, which has been fully reserved in the second quarter.
For the third quarter ending September 30, 2008, Linktone expects gross revenue to be approximately $18.0 to $19.5 million vs. consensus of $17.77 million.[SM]
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