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Shanda Interactive Entertainment (SNDA): Shares advance in positive trading channel |
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| Sep 17, 2008 08:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports, Analyst upgrades and downgrades, Electronic Arts (ERTS), Technical Analysis, Stocks to Buy Shanda Interactive Entertainment (NASDAQ: SNDA) is The company pleased investors earlier in the month, when it reported fiscal Q2 EPS of 56 cents and revenues of $122.1 million. Analysts had been looking for 51 cents and $115.3 million. Revenues from massively multiplayer online role-playing games increased 47.0% year-over-year and 8.5% quarter-over-quarter, to a record high of $101.3 million. Oppenheimer subsequently upgraded the stock to "outperform" and Brean Murray reiterated its "buy" rating. Continue reading Shanda Interactive Entertainment (SNDA): Shares advance in positive trading channel Permalink | Email this | Comments
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