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China's Biggest Loser in Online Gaming

Rick Aristotle Munarriz
March 8, 2011

After watching its rivals post largely impressive quarterly results in recent weeks, China didn't save the best for last with Perfect World (Nasdaq: PWRD  ) .

New games and franchise expansion packs couldn't save the online gaming specialist from shrinking. Revenue slipped to $89.8 million as adjusted earnings were nearly halved to $0.43 a share.

Analysts figured Perfect World wasn't going to keep up with some of the country's gaming speedsters, but even they weren't this pessimistic. Wall Street was banking on an adjusted profit of $0.53 a share on $90.4 million in revenue.