Candy Crush creator King Digital forecasts lower bookings
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Wedbush Cuts Price Target on King Digital Entertainment (KING) Following 6c EPS Beat
August 14, 2015 8:09 AM EDTWedbush reiterated an Outperform rating on King Digital Entertainment (NYSE: KING), and cut the price target to $18.00 (from $21.00), following 2Q15 results. Q2 bookings of $529 million were ahead of consensus expectations of $490.03M, and exceeded the high end of guidance. EPS of $0.49 beat the consensus figure by $0.06. Management expects Q3 bookings of $460 485 million, down 8% sequentially at the... More
RBC Capital Cuts Price Target on King Digital Entertainment (KING) Following 2Q15 Earnings
August 14, 2015 7:46 AM EDTRBC Capital maintained an Outperform rating on King Digital Entertainment (NYSE: KING), and cut the price target to $15.00 (from $17.00), following its 2Q15 earnings report. Revenue of $496MM came in above Street estimates at $482MM. Gross Bookings of $529MM came in ahead of Street... More
