Stock Market Alert - PWRD was one of the biggest winners on the Nasdaq on Friday, trading up almost 15% to close the regular session at $25.15. Volume was much higher than usual (2.43 million shares traded, versus normal daily average of 786k) after investors poured into the stock, excited by the company’s rosy Q2 outlook. The Chinese game developer said that it now expects second quarter revenues of between 333-348 million yuan, compared to a previous forecast of between 303-318 million yuan. The company credits recent marketing campaigns as the biggest driver of improved revenue numbers for the company. PWRD now has a market cap of $1.43 billion dollars.
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