Changyou.com Limited (CYOU) reported that its first-quarter net income attributable to the company was $77.6 million, or $1.45 per ADS, up from $65.25 million or $1.22 per ADS in the year ago quarter.
Non-GAAP net income attributable to the company was $77.9 million, or $1.45 per ADS for the latest-quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.42 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues were $177.6 million, representing an increase of 30% from the last year. Seven analysts estimated revenues of $172.73 million for the quarter.
For the second quarter of 2013, the company expects non-GAAP net income attributable to the company to be between $71.0 million and $74.0 million or $1.33 and $1.38 per ADS.
Total revenues for the second quarter are anticipated to be between $179.0 million and $185.0 million, including online game revenues of $165.0 million to $170.0 million and online advertising revenues of $10.0 million to $11.0 million. Analysts expect the company to report earnings of $1.43 per share on revenues of $179.35 million for the second-quarter.
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