Newsletter: Art Dragon Two quarterly results exceed analyst expectations

Beijing time August 8 morning News, Art Dragon (Nasdaq:long) released today, as of June 30, the second quarter of the fiscal year 2014, without the audit earnings. Earnings showed that the Arts dragon in the second quarter of the total revenue of 312.4 million yuan, compared with the same period last year, the 251.7 million yuan growth of 24%; net revenue is 292.4 million yuan (about 47.1 million U.S. dollars), and 234.3 million yuan (about 38.2 million US dollars) grew 25% over the same period last year. Net profit of 31.5 million yuan, the same period last year net loss of 76.1 million yuan.

According to Yahoo's financial data, 2 of Wall Street analysts have averaged 0.01 dollars in U.S. depository Receipts (ADS) per share in the second quarter, according to GAAP, the U.S. General accounting standard. Earnings showed that the Arts dragon in the second quarter of 0.14 U.S. dollars per ADS, more than analysts expected.

In addition, 3 Wall Street analysts on average expect the arts dragon's second-quarter net revenue to be $46.08 million. Earnings showed that the Arts dragon's net revenue in the second quarter was 47.1 million dollars, exceeding analysts ' expectations.

(Tangfeng)