Revenue Update on Changyou.Com Ltd (ADR)(NASDAQ:CYOU)

Changyou.Com Ltd (ADR)(NASDAQ:CYOU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $129.16M. Analysts estimated a revenue of $129.30M. Earnings per share were $0.68. Analysts had estimated an EPS of $0.60.

In a different note, On Jul 26, 2016, Macquarie said it Downgrades its rating on Changyou.Com Ltd (ADR). The shares have been rated ‘Underperform’ by the firm.

Changyou.Com Ltd (ADR) (CYOU) made into the market gainers list on Mondays trading session with the shares advancing 2.40% or 0.5 points. Due to strong positive momentum, the stock ended at $21.34, which is also near the day’s high of $21.43. The stock began the session at $20.99 and the volume stood at 1,08,842 shares. The 52-week high of the shares is $25.8299 and the 52 week low is $15.21. The company has a current market capitalization of $1,113 M and it has 5,21,69,710 shares in outstanding. Limited is an online game developer and operator. The company is engaged in the development operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs) which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games which are played on mobile devices and require an Internet connection and Web games which are played over the Internet using a Web browser. The Company also owns and operates Web properties and software applications for PCs and mobile devices including the Website Website RaidCall and Dolphin Browser. The Company’s games in operation include: Tian Long Ba Bu Blade Online series Fantasy Frontier Online Echo of Soul DDTank Wartune Tian Long Ba Bu 3D and Qin Shi Ming Yue 2.

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