Kongzhong Corp. (KONG)

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AP
KongZhong Expects 3Q Sales Up to $17.5M
Monday August 20, 6:25 pm ET
KongZhong Expects 3Q Sales Up to $17.5M; Wall Street Anticipates $17M for Same Period

NEW YORK (AP) -- KongZhong Corp., a Chinese company that sells value-added wireless services like ring tones, on Monday predicted revenue of between $16.5 million and $17.5 million for its third quarter.

Analysts polled by Thomson Financial anticipate sales of $17.4 million for the period.

KongZhong's American Depositary Shares fell 20 cents, or 5.3 percent, to $3.61 in after-hours trading, after finishing regular trading up 28 cents, or 8 percent, at $3.81.