SAN FRANCISCO (Thomson Financial) - The9 Ltd. late Monday reported fiscal
first-quarter net earnings rose 36% to RMB89.7 million ($12.8 million), or 46
cents per American Depositary share, from $9.4 million, or 38 cents per ADS, in
the year-ago period.
The mean estimate of analysts polled by Thomson Reuters was for a per-share
profit of 32 cents.
Adjusted earnings before interest, taxes, depreciation and amortization rose
57% in the quarter ended March 31 to $27.6 million, or 99 cents per ADS.
Net revenue climbed 63% to $62.7 million, the Shanghai-based video game
company said.
The company's shares closed at $25.79.
Gabriel Madway
gm
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