Giant Interactive Earnings Largely In-Line (GA)

Giant Interactive Group, Inc. GA reports Q2 EPS of $0.12 versus estimates of $0.12. Giant Interactive Group, Inc. reports Q2 revenues of $47.4 million versus estimates of $48.40 million. Mr. Yuzhu Shi, Giant's Chairman and Chief Executive Officer commented, "We are pleased to report consecutive quarters of sequential top-line growth, as players continue to respond positively to our ZT Online segmentation strategy and portfolio diversification initiative. Looking at our key operating metrics, we are encouraged by the ongoing expansion of our overall player base. The 19.2% year-over-year rise in APA demonstrates that we are successfully attracting a broader range of players across various spending habits and fostering a healthier, more sustainable revenue base.” He added, “"We expect continued top-line growth in Q3 2010 as our current games gain further traction among their respective target audiences, with additional support from our pipeline games following their commercial launches in the coming quarters." Shares of GA did not trade in the after-hours as of the time of this writing.