Shanda Games Thursday early fall more than 5%

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Beijing Time August 29 Evening News, Shanda Game (Nasdaq:game) Thursday, the high price opened, then fell back, all the way down, the highest decline was once more than 5%. As of 22:15, the Shanda gaming stock fell 3.96% to 4.37 dollars.

Shanda has released its results for the second quarter of the 2013 fiscal year ended June 30. The report showed that Shanda's net revenue in the second quarter was 1.0851 billion yuan (about $175.6 million), down 4% from a year earlier, and a net profit for ordinary shareholders of 374.4 million yuan (about 60.6 million US dollars), up 21.4% from a year earlier.

Citi, the investment agency, maintains a "buy" rating for the Grand gaming stock while maintaining a 4.75 dollar target, but is cautiously optimistic about Shanda's own mobile gaming platform G-home; the investment bank sent Jay to maintain a "neutral" rating for the Shanda game stock At the same time, the report said: The Shanda game core MMO performance is poor, and third-quarter revenue lower than Wall Street expectations.