500.com Ltd (WBAI) Tops Q1 EPS by 7c

500.com Ltd (NYSE: WBAI) reported Q1 EPS of $0.15, $0.07 better than the analyst estimate of $0.08. Revenue for the quarter came in at $14.4 million versus the consensus estimate of $12.02 million.

Business Outlook

For the second quarter of 2014, the Company expects the total purchase amount to be between RMB1,330.0 million (US$214.0 million) and RMB1,380.0 million (US$222.0 million), representing a sequential increase of 26.1% - 30.8% and a year-over-year increase of 90.1% - 97.2%. These estimates reflect the Company's current and preliminary view, which is subject to possible material changes.

For earnings history and earnings-related data on 500.com Ltd (WBAI) click here.

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