Wedbush Cuts Price Target on King Digital Entertainment (KING) Following 6c EPS Beat

RBC Capital Cuts Price Target on King Digital Entertainment (KING) Following 2Q15 Earnings

August 14, 2015 7:46 AM EDT

RBC 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

Wall St. edges up after upbeat data, Greek bailout agreement

August 14, 2015 7:37 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.

All three major indexes also ended the week with slight gains, bouncing back from losses earlier in the week set off by worries over a slowdown in China and a yuan devaluation.

Gains in shares of retailers helped buoy the market. Nordstrom (NYSE: JWN) and J.C. Penney (NYSE: JCP) both rose after the... More

JPMorgan Downgrades King Digital Entertainment (KING) to Neutral

August 14, 2015 6:36 AM EDT

JPMorgan 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.

... More

After-Hours Stock Movers 08/13: (REED) (JWN) (YY) Higher; (AAVL) (LOCO) (KING) Lower (more...)

August 13, 2015 6:04 PM EDT

Avalanche Biotechnologies (NASDAQ: AAVL) 15% LOWER; reported that after further analyses of results from a previously reported Phase 2a trial of AVA-101 for the potential treatment of wet age-related macular degeneration (wet AMD), it will not initiate a Phase 2b clinical trial in the second half of 2015.

El Pollo Loco (NASDAQ: LOCO) 13.7% LOWER; reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $86.9 million versus the consensus estimate of $92.96 million. System-wide comparable restaurant... More

Market Wrap: Markets Flat Following Yuan-Related Volatility; Tesla Taps Equity Financing; Houlihan Lokey Goes Public

August 13, 2015 5:26 PM EDT

Market wrap for August 13th

End of the Day: S&P 500 down 2.7 to 2,083.39; Dow Jones up 5.7 to 17,408.25; Nasdaq down 10.8 to 5,033.56

Market Brief: U.S. markets were less volatile Thursday following a slump earlier in the week as China moved to devalue its yuan, then prop the currency up the following session.

Tesla announced a large equity raise, which appeared to be anticipated by market watchers and investors.

GE entered an agreement to sell GE Capital Banks U.S. online deposit... More

Candy Crush creator King Digital forecasts lower bookings

August 13, 2015 4:15 PM EDT

(Reuters) - King Digital Entertainment Plc (NYSE: KING) said second-quarter gross bookings fell 13 percent and forecast a further drop in the current quarter as its flagship Candy Crush Saga matures and game launches are delayed.

King Digital's shares slipped 9 percent in extended trading after the company also reported an 18 percent drop in quarterly revenue, citing fewer franchise games and a strong dollar.

The company, which makes games for social media websites and mobile devices, has been struggling to boost bookings, an indicator of future revenue,... More

King Digital Entertainment (KING) Tops Q2 EPS by 6c, Gross Bookings Beat

August 13, 2015 4:04 PM EDT

King 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

Trading Radar for 8/13: Nordstrom (JWN), Kohl's (KSS), Applied Materials (AMAT), Blue Buffalo Pet Products (BUFF) Report

August 12, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 271kContinuing Claims - Street sees 2.247MRetail Sales - Street sees 0.5%Retail Sales: ex. Auto - Street sees 0.5%Export Prices: ex. Ag - no Street consensusImport Prices: ex. Oil - no Street consensus

Earnings:

Advance Auto Parts (NYSE: AAP) - consensus EPS $2.25
Alcobra Ltd. (Nasdaq: ADHD) - consensus loss $0.29
American... More