Thursday, February 12, 2015

King Digital Entertainment (KING) Stock Surging in After-Hours Trading Today on Earnings Beat

NEW YORK (TheStreet) -- Shares of King Digital Media PLC. are higher by 15.33% to $17 in after-hours on Thursday, after the mobile gaming company posted better than expected earnings for the 2014 fourth quarter. The company, whose games include "Candy Crush" and "Pet Rescue," said its non-GAAP adjusted earnings for the most recent quarter were 57 cents per share while analysts had forecast for earnings of 47 cents per share for the quarter. King's revenue came in at $559.2 million topping the $519.93 million analysts predicted. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "Our full year and fourth quarter 2014 results demonstrate the strength of our franchises, the extraordinary power of our massive player network and our ability to repeatedly launch new top grossing games," King CEO Riccardo Zacconi said. KING data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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