Why King Digital (KING) Is Tanking In After-Hours Trading Today

NEW YORK (TheStreet) -- King Digital (KING) shares are down -21.98% to $14.20 after missing analysts second quarter revenue estimates of $609 million by $15 million.

The video game company reported earnings of 59 cents per diluted share that was in line with analysts expectations for the quarter.

King also announced a $150 million dividend for investors to be payable to shareholders of record on September 30. 

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KING Chart
KING data by YCharts

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