Chinese Online Earnings: Shanda, Tom Online, The9

Earnings day for three Chinese online companies traded on Nasdaq:

Tom Online: Tom Online, one of the biggest mobile portals in China, posted a 77 percent surge in Q3 profit, to $12.88 million, compared with $7.28 million a year earlier. Third-quarter revenue grew 46 percent to $45.94 million from $31.4 million a year earlier. Wireless Internet services accounted for 94 percent of its total sales, while online advertising generated about 5 percent.

The9: Online gaming operater The9‘s revenues jumped 232 percent quarter on quarter to US$22.8 million, while net income was $4.7 million, up from a loss of $2.8 million in the second quarter. Revenue from The9’s licensed online game World of Warcraft (WoW) was $22.3 million.

Shanda: Gaming firm Shanda saw its shares tumble after its Q3 revs shortfall sparked concerns about greater competition in a weakening online game market. Its profits grew more than 50 percent, with overall revenue up 41 percent from the year before. Its sales, however, were off about 7 percent from the prior period, and missed Wall Street targets by $4 million.