Changyou.Com Ltd (ADR) (CYOU) Releases Earnings Results, Beats Expectations By $0.08 EPS

Changyou.Com Ltd (ADR) (CYOU) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.60. The company posted revenue of $129.16 million in the period, compared to analysts expectations of $130.13 million. The company’s revenue was down -36.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Changyou.Com Ltd (ADR). Changyou.Com Ltd (ADR) was Downgraded by Macquarie to ” Underperform” on Jul 26, 2016.

Changyou.Com Ltd (ADR) closed down -0.19 points or -0.95% at $19.75 with 1,09,975 shares getting traded on Friday. Post opening the session at $19.98, the shares hit an intraday low of $19.65 and an intraday high of $20.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. Limited is an online game developer and operator. The company is engaged in the development operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs) which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games which are played on mobile devices and require an Internet connection and Web games which are played over the Internet using a Web browser. The Company also owns and operates Web properties and software applications for PCs and mobile devices including the Website Website RaidCall and Dolphin Browser. The Company’s games in operation include: Tian Long Ba Bu Blade Online series Fantasy Frontier Online Echo of Soul DDTank Wartune Tian Long Ba Bu 3D and Qin Shi Ming Yue 2.

Changyou.Com Ltd (ADR)

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