Changyou.com beats by $0.19, beats on revs; guides Q2 EPS, revs in-line; declares special dividend
- Reports Q1 (Mar) earnings of $0.69 per share, excluding non-recurring items, $0.19 better than the two analyst estimate of $0.50; revenues fell 10.1% year/year to $123.31 mln vs the $114.15 mln S&P Capital IQ Consensus.
- Co issues in-line guidance for Q2, sees EPS of $0.41-0.50, excluding non-recurring items, vs. $0.46 two analyst estimate; sees Q2 revs of $110-120 mln vs. $111.53 mln S&P Capital IQ Consensus.
- The co also announced that its board of directors (the "Board") has declared a special cash dividend of US$4.70 per Class A ordinary or Class B ordinary share, or US$9.40 per American depositary share ("ADS"), each of which represents two Class A ordinary shares. The aggregate amount of the special cash dividend will be approximately US$503 million.