This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The9 Limited Posts 2 Quarters Of Losses

NEW YORK (AP) ¿ Chinese online game operator and developer The9 Limited said Thursday it lost money in the last two quarters and revenue fell sharply in the April-to-June period.

The company said it lost 79.2 million yuan ($11.6 million), or 3.15 yuan (46 cents) per share, in the quarter ended June 30, compared with net income of 99 million yuan ($14.5 million) a year earlier.

Adjusted net income excluding items was 3.1 million yuan ($500,000), or 0.12 yuan (2 cents) per share, compared with 199.4 million yuan ($29.2 million), or 1.84 yuan (27 cents) per share a year earlier, the company said.

Analysts surveyed by Thomson Reuters expected the company to earn 39 cents per share.

The company blamed the loss mostly on lower revenue from World of Warcraft. The license expired June 7.

Revenue fell 37 percent to 287.9 million yuan ($42.2 million).

For the quarter ended March 31, the company said it lost 46.8 million yuan ($6.9 million), or 1.78 yuan (26 cents) per share, compared with net income of 75.6 million yuan ($11.1 million), or 2.70 yuan (40 cents) per share, a year earlier.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NCTY $1.49 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs