King Digital quarterly revenue falls below expectations

Reuters News
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Posted: Aug 12, 2014 4:11 PM

SAN FRANCISCO (Reuters) - Social and mobile game company King Digital Entertainment Plc reported lower-than-expected second-quarter revenue and profit on Tuesday, due to losses in its game titles, such as "Candy Crush Saga."

King shares slipped 22 percent in after-hours trading after closing at $18.20 on the New York Stock Exchange.

    The company, which went public in March, reported revenue of $594 million for the second quarter ended June 30 compared to $456 million in the year-ago period. This fell short of analysts' expectations of $608.3 million, according to Thomson Reuters I/B/E/S.

It reported second-quarter net income of 52 cents per share, surpassing analysts' estimate of 49 cents per share.

(This story corrects stock-exchange listing and EPS comparison)

(Reporting by Malathi Nayak; Editing by David Gregorio and Andre Grenon)