PEKING (dpa-AFX) - Chinese game-maker Perfect World Co., Ltd. (PWRD) Monday reported fourth-quarter profit of 86.4 million Chinese yuans, or $13.9 million, down from 260.0 million yuans in the same period last year.
On a per ADS basis, earnings plunged to 1.78 yuan, or $0.29, from 5.45 yuan last year.
Excluding the share-based compensation charge and the goodwill impairment, adjusted earnings were 141.1 million yuans or 2.90 yuan per share. In U.S. dollars, adjusted earnings were $22.7 million or $0.47 per share.
On average, five analysts polled by Thomson Reuters expected the company to earn 2.53 yuan per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled 679.9 million yuans, or $109.1 million, down from 776.4 million yuans last year. Analysts expected revenues of 679.36 million yuans.
Looking ahead to the first quarter, the company has forecast revenues in the range of 592 million yuans to 619 million yuans. Analysts, based on consensus, currently expect full-year revenues of 770.03 million yuans.
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