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HomeMarketPlaytika Earnings Miss, Revenue Beats In Q3 By Investing.com

Playtika Earnings Miss, Revenue Beats In Q3 By Investing.com

© Reuters. Playtika Earnings Miss, Revenue Beats In Q3
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Investing.com – Playtika reported on Tuesday third quarter that missed analysts’ forecasts and revenue that topped expectations.

Playtika announced earnings per share of $0.17 on revenue of $647.8M. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $646.79M.

Playtika shares are down 35% from the beginning of the year, still down 64.65% from its 52 week high of $24.27 set on November 8, 2021.

Playtika shares lost 11.46% in intra-day trade following the report.

Playtika follows other major Communication Services sector earnings this month

Playtika’s report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.

Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Story Credit: investing.com

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