Citigroup Maintains Buy Rating On Perfect World Co., Ltd. (PWRD)

Analyst Alicia Yap at Citigroup has released an update on Perfect World Co., Ltd. (ADR) PWRD. The company has reported its first-quarter results. Perfect World reported first-quarter revenue of $91.6 million, which lower than Citi’s estimate of $92.7 million and consensus estimate of $93.2 million. The company reported non-GAAP EPS of $0.90, which beat Citi’s estimate of $0.86 and consensus estimate of $0.87. Citigroup has maintained its Buy rating and $54 price target for Perfect World Co., Ltd.