Perfect World Misses Estimates (PWRD)

Perfect World Co., Ltd. PWRD reports Q2 EPS of $0.62 versus estimates of $0.69. Perfect World Co., Ltd. reports revenues of $87.6 million versus estimates of $88.38 million. Based on the Company's current operations, total revenues for the third quarter of 2010 are expected to be between RMB594 million and RMB624 million, representing an increase of 0% to 5% on a sequential basis. This reflects expected growth from the online game operations. "The second quarter results largely came in line with our expectations," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "The slight sequential revenue decline in the second quarter was primarily due to our efforts to decelerate some promotional and monetization activities within our games, in order to further nurture our games and lengthen the lifecycles." Shares of PWRD are higher in the after-hours by 0.28%.