Perfect World (PWRD) Falls 25% On 2nd Quarter Guidance

Shares of Perfect World Co., Ltd. PWRD ended Monday trading down 24.98% at $24.71 per share. Perfect World Co., Ltd. announced on Monday before the market opened that it beat consensus Wall Street earnings estimates, while missing consensus revenue estimates. Perfect World Co., Ltd. reported adjusted earnings of 90 cents per share. Revenue surged 47% to $91.6 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 84 cents per share, on revenue of $92.9 million. Perfect World Co. also provided disappointing 2nd quarter guidance, saying that 2nd quarter revenue would be flat or possibly fall slightly, while the average analyst estimate expected revenue to climb to $98.4 million.