Shanda Network and Shanda games share price fall to Chinese online games pressure

U.S. Eastern Time December 2 10:09 (Beijing time December 2 23:09) News, according to foreign media reports, independent research website Tickerspy.com Wednesday, the Grand Network (Nasdaq:snda) and Shanda Games (Nasdaq:game) the day the stock price fell,　　Leading to China's online gaming stocks overall pressure. Tickerspy.com said that in the third quarter of the fiscal year ended September 30, Shanda's earnings per share were 1 cents lower than analysts ' average forecasts. Shanda Game net profit in the third quarter was 53.7 million dollars, earning 20 cents per share. Shanda's third-quarter revenue was 186.3 million U.S. dollars, an increase of 45% per cent, in line with analysts ' average expectations.　　As of 10:34 Eastern Time (23:34), the Nasdaq stock price fell 0.22 U.S. dollars to 10.39 U.S. dollars, or 2.07%. Tickerspy.com also noted that after the release of the third quarter earnings, Shanda network shares also fell.　　Shanda Network third-quarter revenue of 202.5 million U.S. dollars, an increase of 48%; not in accordance with the United States General accounting standards, the Grand network of the third quarter net profit of 76 million U.S. dollars, earnings per share of 1.08 U.S. dollars. Affected by this, the Chinese online game stocks index on the day under pressure.　　The index fell 1% per cent in the past one months, lagging behind the S & P 500 index. From a stock view, the Royal network is still the best performance in the past one months in China's online gaming stocks, its share price rose 14%, the nasdaq:cyou share price rose 8.5% in the same period, NetEase (nasdaq:ntes) and Perfect Space-Time (NASDAQ:PWRD) shares also rose. In other concept stocks, the nasdaq:xing global telephone rose 15% in Wednesday. (Tangfeng)