JPMorgan Downgrades King Digital Entertainment (KING) to Neutral
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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
King 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
