Earnings Report

Tue. News Bytes: Shanda Reports Earnings

Shanda Interactive Entertainment (NASDAQ:SNDA) reported earnings of $0.80 beating the estimates of $0.74 per share.

Shanda reported that the revenue from mmorpgs increased by 47.4%, and casual games revenue increase of 1.1%.

SNDA opened at 60.23 and closed at 60.40 for a gain of +0.17.

In after hours SNDA is currently at 60.90 (+0.50). It will be interesting to see how the stock reacts in the morning.