After spending most of the past few years at a mediocre three-star ranking, Perfect World
Perfect World's recent earnings release and outlook for the coming quarter led many investors to check out of the stock, but some CAPS members were compelled by the dip in the share price to make a bullish call, betting that there's still plenty of growth left.
Its number of paying customers declined in the quarter, but the company was able to generate more average revenue per user, leading to a 47% jump in revenue. It was also able to bring much of that growth to the bottom line, which rose 42% over last year. Though Perfect World gave disappointing revenue guidance for the second quarter, some investors are encouraged that others in the Chinese online gaming sector still have momentum. Giant Interactive
While gaming growth in China has attracted U.S. companies, as in Activision Blizzard's
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