Latest News in the Business and Financial World

Thursday, February 25, 2021
Log in
  • Home
  • Company News & Financials
  • OTC Markets
  • Tech & Science
  • Health & LifeStyle
  • About WS OTC
    • Analysts & Contributors
    • Contact Us
    • Advertising
    • Feedback
    • Privacy Policy GDPR
  • Mobile
  • Latest News
    • New Theories Explain the Disappearance of the Mayan Civilization
    • What Happens If Coral Reefs Die?
    • Monsanto Loses Lawsuit for its Herbicide Products
    • Mankind (MNKD) shares Plunge after FDA Approves Afrezza, inhaled Insulin for Diabetes patients
    • Psychologists Confirm that Violent Video Games Boost Aggressiveness
    • World of Warcraft: Warlords of Draenor Release Date on Nov 13
    • iPass Global Hotspot Map Unveils Worldwide Wi-fi Coverage

Pages

  • About Wall Street OTC
  • Advertising
  • Analysts & Contributors
  • Contact
  • Feedback
  • Mobile
  • Privacy Policy GDPR
  • Terms of Service

Recent Posts

  • SF Hospital Slaps New Parents with $19K Bill for Baby Treatment
  • Furious Trump Blasts Harley-Davidson for Moving Production Overseas
  • Warning! MRI Machines Could Poison You
  • Flight Attendants More Likely to Get Certain Cancers
  • More Red Meat Allergy Cases Related to Lone Star Tick Bites

King Digital lowers 2014 forecast as Candy Crush weakens  

Aug 13, 2014 By Nathan Fortin Leave a Comment

Email, RSS Follow

King Digital Entertainment, the makers of mobile game Candy Crush Saga, has cut their 2014 forecast following the company’s poor performance at the New York Stock Exchange.

The company’s shares fell 22 percent to close at USD 18.20 on NYSE.

King reported a quarterly revenue of USD 594 million, compared with USD 456 million in the same period in 2013.

King Digital Entertainment achieved lower than expected results in the second-quarter. According to the company, it has previously estimated to make a turnover of USD 2.55 billion to USD 2.65 billion from the items bought within its games but it has now lowered it to USD 2.25 billion to USD 2.35 billion.

The bookings from latest gaming sensation ‘Candy Crush Saga’ slumped more than expected, reported King.

Candy Crush is a puzzle game that is largely played through social networking site Facebook and also on smartphones. It was released in 2012.

candy crush

Company insiders said that the poor returns from the game prompted it to bring a downbeat forecast for the current quarter and the complete year.

Meanwhile, King’s financial officer Hope Cochran revealed that the company is mulling to launch a sister title for Candy Crush.

“We expect Candy Crush will decline, but have a very strong tail and a long tail. We will be launching the Candy Crush sister title in the fourth quarter. It will give more longevity to that title,” Hope Cochran said in an interview.

The investors are, however, concerned over the gloomy performance of the company’s games. According to them, unless King Digital starts delivering some long-lasting hits, there is huge possibility that it will meet the same fate as the other game makers including Angry Birds and Farmville.

 

Email, RSS Follow
The following two tabs change content below.
  • Bio
  • Latest Posts

Nathan Fortin

Find me on Google +

Latest posts by Nathan Fortin (see all)

  • The End of Life Option Act Already Used by 111 People - Jun 28, 2017
  • Senate Decided to Kill Rule that Promotes Retirement Plans - Apr 1, 2017
  • BlackRock Is Turning to Robots for Improved Stocks - Mar 30, 2017

Filed Under: Company News & Financials Tagged With: Candy Crush, Candy Crush revenue, Candy Crush stock market, King Digital Entertainment, New York Stock Exchange

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 72 other subscribers

Mom holding newborn's hands

SF Hospital Slaps New Parents with $19K Bill for Baby Treatment

Jun 29, 2018 By Anne-Marie Jackson Leave a Comment

Harley-Davidson biker

Furious Trump Blasts Harley-Davidson for Moving Production Overseas

Jun 28, 2018 By Anne-Marie Jackson Leave a Comment

MRI machine

Warning! MRI Machines Could Poison You

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Flight Attendants More Likely to Get Certain Cancers

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Lone star tick sitting on a succulent leaf

More Red Meat Allergy Cases Related to Lone Star Tick Bites

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Time magazine cover

Time Admits Sobbing Cover Girl Was Not Separated from Parents

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Sunshine and green leaves

Vitamin D Deficiency Could Boost Risk of Lung Disease

Jun 25, 2018 By Anne-Marie Jackson Leave a Comment

Green-light laser pointer

Greek Boy’s Retina Severely Damaged by Laser Pointer

Jun 22, 2018 By Anne-Marie Jackson Leave a Comment

Red Tesla car

Tesla Suing ‘Whistleblower’ over Data Theft

Jun 21, 2018 By Anne-Marie Jackson Leave a Comment

Boiled eggs and mayonnaise

Eating too Clean Can Lead to Orthorexia

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

NYC mayor Bill de Blasio

NYC Will Allow People to Smoke Pot in Public

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

A kitten and a puppy sleeping in a bed while hugging each other

Who Is Smarter Between Cats and Dogs? Researchers Have an Answer (Study)

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Orthodox church in Greece

Being Religious Is Tied to Longer Lifespan, Study

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Bacon and eggs for breakfast

How Does the Keto Diet Work?

Jun 18, 2018 By Anne-Marie Jackson Leave a Comment

Related Articles

  • Harley-Davidson biker

    Furious Trump Blasts Harley-Davidson for Moving Production Overseas

    Jun 28, 2018
  • Red Tesla car

    Tesla Suing ‘Whistleblower’ over Data Theft

    Jun 21, 2018
  • Mediterranean Diet

    Major 2013 Study on Mediterranean Diet Withdrawn

    Jun 15, 2018
  • Chinese man in a taxicab

    China Uber Rival to Allow Only Same-Sex Passengers as Driver at Night

    Jun 14, 2018
  • Bitcoin rendition

    Market Manipulation Was Behind Bitcoin’s 2017 Price Surge, Study

    Jun 13, 2018
  • American kids selling lemonade

    American Kids Forced to Obtain Permits to Sell Lemonade

    Jun 12, 2018
  • Hobby Lobby store at night

    Hobby Lobby Agrees to Return Smuggled Artefacts to Iraq

    May 3, 2018
  • United Airlines airplane

    United Airlines to Resume Pet Reservations in July

    May 2, 2018
  • Nikola Motors truck

    Tesla Motors Faces $2Bn Lawsuit for Allegedly Copying Electric Truck Design

    May 2, 2018
  • T-Mobile logo sign

    T-Mobile Just Sealed the Deal to Buy Sprint

    Apr 30, 2018

Categories

  • Business
  • Company News & Financials
  • Diversified Financial
  • Entertainment
  • Featured
  • Health & LifeStyle
  • Micro Cap
  • Mid Cap
  • National News
  • Nature
  • OTC Exchange
  • OTC Markets
  • OTC Research
  • Science
  • Small Cap
  • Sports
  • Tech & Science
  • U.S.
  • Uncategorized
  • Wall Street
  • World
  • World Indexes

Copyright © 2021 wallstreetotc.com

About · Privacy Policy · Sitemap · Terms of Service · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.