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CDC Games Provides Q2 Guidance
CDC, CDC Games, CHINA, Gaming, Internet, MGame, MMORPG, Online Game, Yulgang
Posted by: Megan Ko on Apr 08, 2008 | 18:04
Editorial Summary
CDC Corporation (Nasdaq: CHINA) announced second quarter earnings estimates for its online game subsidiary CDC Games on Tuesday. For the three month period, CDC Games is expected to generate revenue between $11 million and $12 million, and record positive adjusted net income. The company attributed the guidance in part to the resolution of its dispute with Korean company and developer of CDC Games' licensed MMORPG Yulgang.
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