Scalper1 News
King Digital Entertainment (KING) got a fizzy lift from its “Candy Crush Soda Saga” game in the fourth quarter. The London-based mobile game publisher late Thursday delivered Q4 earnings that beat Wall Street’s expectations, giving its shares a nice pop Friday. King Digital stock was up more than 12% in midday trading on the stock market today, near 16.50. Meanwhile, rival mobile game company Zynga (ZNGA) took a dive after reporting December-quarter sales well below forecasts. Named after the co-founder’s dog, Zynga lived up to its name, falling 15% in midday trading Friday, to 2.25. King (KING) said that it had earned 57 cents a share excluding items on sales of $559 million in Q4. Analysts polled by Thomson Reuters were modeling 47 cents and $520 million. Using Generally Accepted Accounting Principles (GAAP), King’s earnings per share were 44 cents in Q4, vs. expectations for 38 cents. King also announced a… Scalper1 News
Scalper1 News