King Digital Stock Falls As Q2 Bookings View Misses

By | May 14, 2015

Scalper1 News

King Digital Entertainment (KING), developer of the “Candy Crush” line of online video games, reported first-quarter earnings that beat views but gave a Q2 outlook that fell short of some estimates. The recent IPO earned 61 cents a share excluding items, the same as a year ago but beating the consensus estimate of 53 cents, as polled by Thomson Reuters. Revenue fell 6% to $570 million, above the consensus estimate of $563.4 million. King, based on Scalper1 News

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