Reuters: Global Markets: Perfect World reports lower quarterly results, shares fall

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Perfect World reports lower quarterly results, shares fall May 29th 2012, 22:27 Tue May 29, 2012 6:27pm EDT (Reuters) - Chinese online game developer Perfect World Co Ltd (PWRD.O) reported lower quarterly results, as fewer new launches hurt licensing revenue, sending its shares sliding 11 percent in after-market trade. Net income attributable to Perfect World shareholders was 209.8 million yuan ($33 million) or 4.38 yuan (69 cents) per American Depository Share (ADS), compared with 263.7 million yuan or 4.99 yuan per ADS, a year ago. Excluding items, the company, known for its popular role-playing game "Legend of Martial Arts," earned 4.83 yuan (77 cents) per ADS. Revenue was flat at 718.5 million yuan ($114.1 million). Analysts were expecting revenue of 735.9 million yuan, according to Thomson Reuters I/B/E/S. For the second quarter, Perfect World expects revenue of 647 million yuan to 683 million yuan. Shares of the company were down 11 percent at $10.25 on Tuesday. They closed at $11.50 on Tuesday on the Nasdaq.

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