Candy Crush Maker King Drops 20% After Reporting Disappointing Earnings
King Digital, maker and purveyor of Candy Crush, reported earnings today and was whacked by investors after detailing revenue that disappointed, and lowering its top line guidance. The company also announced a $150 million dividend. The game maker earned $0.59 per share on a non-GAAP basis on revenue of $594 million. In addition to that revenue miss, King guidedt hat its gross bookings for the current quarter willt otal between $500 million and $525 million.
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