News: Tour Quarter net profit fell 43%

Beijing time February 10 afternoon news, Swimming (nasdaq:cyou) released today in the 2013 fiscal year the quarter and the whole year without the audit results. In the quarter, the net profit of 43 million U.S. dollars in the US General Accounting Standard (GAAP) was 0.81 dollars per share, down 43% year-on-year, but still beyond Wall Street analysts ' expectations.

Swimming in the press release, said that net profit year-on-year and the decline in the chain is due to the increase in the current quarter of platform products to promote investment to develop platform business.

In the quarter, the tour revenue reached 194.9 million U.S. dollars, an increase of 12% per cent, according to the United States General Accounting Standards (GAAP), a net profit of 43 million U.S. dollars, equivalent to 0.81 U.S. dollars a share, down 43%; not in accordance with the United States General Accounting Standards (NON-GAAP), Net profit of 43.3 million U.S. dollars, equivalent to 0.82 U.S. dollars per share, the year-on-year decline of 43%.

According to Yahoo's financial data, 6 of Wall Street analysts on average expect to gain $0.38 per share in the four-quarter fiscal season, according to U.S. General Accounting Standards (GAAP). Earnings showed a 0.81 dollar gain per share in the quarter, exceeding analysts ' expectations.

In addition, on average, 8 Wall Street analysts expect a four-quarter revenue to reach $195.79 million in the U.S. General Accounting Standards (GAAP). Earnings for the quarter were 194.9 million dollars, slightly below analysts ' expectations.

In the 2013 fiscal year, the tour revenue reached 737.9 million U.S. dollars, an increase of 18% per cent, according to the United States General Accounting Standards (GAAP), the net profit is 268.6 million U.S. dollars, equivalent to 5.04 U.S. dollars per share, down 5%; not in accordance with the United States General Accounting Standards (NON-GAAP), Net profit of 269.9 million U.S. dollars, equivalent to 5.06 U.S. dollars per share, the year-on-year decline of 7%.

According to Yahoo's financial data, 15 of Wall Street analysts on average expect a 2013 per share gain of $4.64 in the U.S. General Accounting Standards (GAAP). Earnings for the 2013 fiscal year were 5.04 dollars per share, more than analysts had expected.

In addition, 15 of Wall Street analysts on average expect a 2013 fiscal year to reach $739.05 million trillion in the U.S. General Accounting Standards (GAAP). Earnings showed that the 2013 fiscal year revenue was 737.9 million dollars, slightly below analysts ' expectations.