KongZhong Revenue Rises

Shares are up 6%.
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KongZhong

(KONG)

, the operator of a wireless Internet portal in China, was rising a day after its quarterly profits beat analysts' expectations.

Total revenue in the third quarter rose 24% year-over-year to $25.1 million, but did fall 17% from the second quarter.

Earnings rose 41% from last year to $4.82 million, or 14 cents a share. Excluding items, KongZhong would have had a profit of 16 cents, 6 cents higher than estimates.

For the fourth quarter, revenue should be between $20.5 million and $21.5 million.

Shares of KongZhong were up 6% to $8.38 Thursday.