One of China’s leading online game developers, Giant Interactive Group Inc. (ADR) (NYSE:GA) on 27 may reported first quarter fiscal 2014 adjusted earnings of 22 cents (on a local currency basis). Earnings were almost flat year over year owing to weak sales. Earnings, however, lagged the Zacks Consensus Estimate of 25 cents by 12%. Giant Interactive Group Inc. (ADR) (NYSE:GA) net profit margin is 90.60% and weekly performance is -0.25%. On last trading day company shares ended up $11.76. Analysts mean target price for the company is $9.22. Giant Interactive Group Inc. (ADR) (NYSE:GA) distance from 50-day simple moving average (SMA50) is 0.60%.
One such stock that you may want to consider dropping is Taomee Holdings Ltd. (ADR) (NYSE:TAOM), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. Also, for the current quarter, Taomee Holdings’s has seen 1 downward estimate revision versus no revisions in the opposite direction, the consensus estimate also widens to a loss of 4 cents a share from a loss of 1 cent over the past 30 days. Taomee Holdings Ltd (ADR) (NYSE:TAOM) shares advanced 1.24% in last trading session and ended the day on $4.88. TAOM gross Margin is 72.60% and its return on assets is 4.10%.Taomee Holdings Ltd (ADR) (NYSE:TAOM) quarterly performance is -24.34%.
China-based social network operator Renren Inc. (NYSE:RENN) on 21 may reported unaudited, preliminary results for the first quarter of fiscal year 2014. Following the report, shares rose as much as 3.1% in after-hours trading. In the regular Wednesday session, Renren shares closed 3.4% lower for the day. Analysts expected to see a $0.06 non-GAAP net loss per American depositary receipt on sales of $25.7 million. In the first quarter, Renren’s revenues fell 40% year-over-year to $24.9 million. The company reported a $0.01 adjusted profit per ADR, up from breakevenin the year-ago quarter.
Renren Inc. (NYSE:RENN) shares moved down -2.62% in last trading session and was closed at $3.34, while trading in range of $3.32 – $3.43. Renren Inc. (NYSE:RENN) year to date (YTD) performance is 9.51%.
Shanda Games Limited (ADR) (NASDAQ:GAME), a leading online game developer, operator and publisher in China, has been informed by Shanda Interactive Entertainment Limited the controlling shareholder of Shanda Games, that CAP IV Engagement Limited, an affiliate of Carlyle Asia Partners IV, L.P., entered into an adherence agreement on May 19, 2014 to become a party to the consortium agreement dated as of January 27, 2014 among Shanda Interactive, Primavera Capital Fund I L.P., an affiliate of Primavera Capital Limited, Perfect World Co., Ltd. and FV Investment Holdings an affiliate of FountainVest Partners, and participate as a new member of the consortium in the proposed “going private” transaction with respect to Shanda Games. Shanda Games Limited (ADR) (NASDAQ:GAME) ended the last trading day at $6.68. Company weekly volatility is calculated as 0.84% and price to cash ratio as 4.66.Shanda Games Limited (ADR) (NASDAQ:GAME) showed a negative weekly performance of -0.45%.
Changyou.com Limited (ADR) (NASDAQ:CYOU), a leading online game developer and operator in China, on 28 April announced its unaudited financial results for the first quarter ended March 31, 2014. Total revenues were US$180.8 million, a decrease of 7% quarter-over-quarter and an increase of 2% year-over-year, and exceeded the Company’s guidance by US$0.8 million. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) net profit margin is 23.10% and weekly performance is -1.54%. On last trading day company shares ended up $26.20. Analysts mean target price for the company is $25.83. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) distance from 50-day simple moving average (SMA50) is -4.94%.