Shares of Giant Interactive Group Inc. (GA) slipped more than 9% today as first-quarter net profit, reported late Monday, plunged 32% on sluggish revenue.

However, adjusted earnings came in at 15 cents per American Depositary share (ADS), edging past the consensus estimate by a penny. A year ago, the company earned 20 cents.

Revenue for the online game developer fell 21% to $54.7 million, primarily due to disruptions caused by adjustments to ZT Online's monetization structure.

Giant Interactive also said that active paying accounts for online games declined 15% year over year to 1.2 million.

One of 9 covering analysts raised full-year expectations over the past month, sending the consensus up a penny to 60 cents per share.

GA, a Zacks #3 Rank ("Hold") stock, is trading on higher-than-usual volume of approximately 886,000, compared to average daily volume of about 590,000.

"GA" Free Stock Analysis: Buy? ...

Perfect World Co., Ltd. (PWRD) announced first-quarter EPS that far exceeded the consensus, boosted by a sharp increase in revenue.

The online-game developer earned 58 cents per share, excluding items, 11 cents ahead of analysts' expectations. Revenue soared 40.2% from last year to $62.2 million.

For the second quarter, Perfect World projects revenue to range anywhere from a decrease of 2% to a rise of 2% from the previous quarter's levels.

In regard to earnings, the average analysts' expectation for the second quarter stands at 51 cents per share.

The full-year consensus remains steady at $2.12 per share over the past month. During this period, 1 analyst out of 12 raised his forecasts while one analyst reduced.

Shares of this Zacks #3 Rank ("Hold") company are up about 2% on volume of 966,136 shares, compared with the daily average of 685,532.

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