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