Replies to post #560990 on Zeev's Turnips Patch-No Politics (ZEEV)

[was hotlinktuna]

Good luck on it wick...wouldn't want to hold it through earnings myself and not much time left before the close now...tuna

[earlylight]

KongZhong 2Q Net Drops 99%, Rev Down 44% >KONG

DOW JONES NEWSWIRES
KongZhong Corp.'s (KONG) second-quarter net income plunged 99% to $39,000, or less than 1 cent per American depositary share, from $7.6 million, or 21 cents a share, a year earlier, due to a revenue drop and increased operating expenses.
Excluding the amortization of intangibles, investments and noncash stock-based compensation expenses, earnings were $937,000, or 3 cents a share, compared with $8.24 million, or 23 cents a share, a year earlier.
The Beijing-based wireless services company's revenue fell 44% to $17 million from $30.1 million in the year-ago period.
On average, analysts polled by Thomson Financial expected per-share earnings of 2 cents on revenue of $17 million. Analyst estimates generally exclude extraordinary items.
KongZhong said it expects third-quarter revenue of $16.5 million to $17.5 million.
-Melissa Korn; 201-938-5400; [e-mail]

(END) Dow Jones Newswires
August 20, 2007 17:12 ET (21:12 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 05 12 PM EDT 08-20-07