PEKING (dpa-AFX) - Perfect World Co., Ltd. (PWRD) reported net income for the first quarter of RMB131.0 million or RMB2.69 per ADS, compared to RMB209.8 million or RMB4.38 per ADS for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was RMB147.6 million or RMB3.03 per ADS, compared to RMB231.6 million or RMB4.83 per ADS in the prior year quarter.
Total revenues for the first quarter fell to RMB624.5 million from RMB718.5 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn RMB2.39 per ADS on revenue of RMB607.08 million for the first quarter.
Looking forward, the company forecast second quarter revenues of RMB656 million to RMB687 million. This takes into consideration the anticipated additional revenue contribution from the recent launches of 'Saint Seiya Online' in China and 'Neverwinter' in the U.S. and Europe. Analysts currently expect the company to post revenue of RMB636.56 million for the second quarter.
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