Shanda Games Ltd. (GAME) Tops Q3 EPS by 1c

November 26, 2012 4:33 PM EST
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Shanda Games Ltd. (NASDAQ: GAME) reported Q3 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came fell 20.1% to $170.4 million versus the consensus estimate of $171.2 million.

"During the third quarter, we continued our strategy to decelerate monetization activities and enhance game play in order to lengthen the lifecycle of our games and pushed through a number of other initiatives to help revive our performance going forward," said Mr. Xiangdong Zhang, Chief Executive Officer of Shanda Games. "As a result, we have already started to see some traction as monthly active users rose 6.2% compared with the prior quarter. With an increasing number of users being introduced to our games, we believe that our growing portfolio of games and promising pipeline will continue to deliver sustainable growth over the long-term."

For earnings history and earnings-related data on Shanda Games Ltd. (GAME) click here.

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