3 Reasons King Digital Disappointed Wall Street This Quarter
In its inaugural earnings report as a publicly-traded company, King Digital exceeded both revenue and earnings expectations, but shares of the social games developer are selling off.
In its inaugural earnings report as a publicly-traded company, King Digital exceeded both revenue and earnings expectations. Even so, shares of the social games developer are selling off this session. Here are three reasons Wall Street was disappointed in the company's results: first, the number of paying customers slipped from a quarter earlier, second, more people are playing without contributing to sales growth, and finally, analysts remain concerned Candy Crush is a one-hit wonder.
