Giant Interactive Group Earnings: Everything You Must Know 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 15.79% to $0.22 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 14.09% to $92.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Giant Interactive Group, Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $92.12 million.
Quoting Management: Ms. Wei Liu, Giant’s Chief Executive Officer commented, “We are thrilled with this solid start to 2013. Despite more gamers traveling during this Chinese New Year holiday than ever before and no new game launches in the first quarter, the strong performance from ZT Online 2 and its micro-client version helped sustain our solid top-line results. Our impressive bottom-line results also demonstrate our ability and commitment to constantly improve efficiency.”
Key Stats (on next page)…
EPS increased 4.76% from $0.21 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.21 to a profit $0.22. For the current year, the average estimate has moved up from a profit of $0.89 to a profit of $0.91 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)