Jaffray maintain Grand game Neutral rating target share price 4 USD

News and information Technology http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time August 28, the U.S. investment Bank Jaffray (PiperJaffray) issued an investment report today, to maintain a grand game stock" neutral "Rating to set the target price at $4.

The following is a summary of the contents of the report:

In the second quarter of the 2012 fiscal year, Shanda's revenue was consistent with guidance expectations, but less than we and Wall Street expected. Diluted earnings per share are consistent with our and Wall Street expectations.

Third-quarter revenue is expected to be 169.8 million U.S. dollars to 171.6 million U.S. dollars, the chain fell 4% to 5%, lower than we expected 184.4 million U.S. dollars and Wall Street expected 195.6 million dollars.

We will be the Grand Game 2012 fiscal year revenue forecast from 782 million U.S. dollars to 750 million U.S. dollars, the diluted earnings per share forecast from 0.70 U.S. dollars to 0.73 U.S. dollars.

We maintain the "neutral" rating of the Shanda game stock and set the target price at $4.