Giant Interactive Group Earnings: Here’s Why Investors are Ambivalent Now
Giant Interactive Group, Inc. (NYSE:GA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Giant Interactive Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25% to $0.25 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Rose 15.24% to $95.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Giant Interactive Group, Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $95.49 million.
Quoting Management: Ms. Wei Liu, Giant’s Chief Executive Officer commented, “We are proud to have successfully launched official closed beta testing for our newest flagship MMO, World of Xianxia, during the second quarter 2013. The game has attracted a sizable user base since its launch and has been contributing to our top line. Gamer feedback has been tremendously positive and we are confident that the game can reach new heights when we launch the open beta testing this fall.”
Key Stats (on next page)…