(Bloomberg) -- Shares of Shanda Interactive
Entertainment Ltd., China's second-biggest operator of online
games, rose after the company reported first-quarter profit
increased more than some analysts estimated.
The company's American depositary receipts rose 3.4 percent
in U.S. after-hours trading to $29.60 after Shanda said its
first-quarter profit increased 38-fold to 448.8 million yuan ($59
million). Shanghai-based Shanda was expected to post profit of
330 million yuan, according to the average of six analyst
estimates compiled by Bloomberg.
Read more at Bloomberg Emerging Markets News
Entertainment Ltd., China's second-biggest operator of online
games, rose after the company reported first-quarter profit
increased more than some analysts estimated.
The company's American depositary receipts rose 3.4 percent
in U.S. after-hours trading to $29.60 after Shanda said its
first-quarter profit increased 38-fold to 448.8 million yuan ($59
million). Shanghai-based Shanda was expected to post profit of
330 million yuan, according to the average of six analyst
estimates compiled by Bloomberg.
Read more at Bloomberg Emerging Markets News
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