King Reports Second Quarter 2015 Results
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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
JPMorgan Downgrades King Digital Entertainment (KING) to Neutral
August 14, 2015 6:36 AM EDTJPMorgan downgraded King Digital Entertainment (NYSE: KING) from Overweight to Neutral with a price target of $17.00 (from $20.00).
For an analyst ratings summary and ratings history on King Digital Entertainment click here. For more ratings news on King Digital Entertainment click here.
Shares of King Digital Entertainment closed at $15.20 yesterday.
... MoreKing Digital Entertainment (KING) Tops Q2 EPS by 6c, Gross Bookings Beat
August 13, 2015 4:04 PM EDTKing Digital Entertainment (NYSE: KING) reported Q2 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $500 million versus the consensus estimate of $490.03 million. Reports total gross bookings of $529 million, above high end of previously provided guidance range.
King CEO Riccardo Zacconi said, "Our second quarter 2015 gross... More
