King Digital Profit Crushes Estimates

(RTTNews) - Gaming company King Digital Entertainment plc (KING) on Thursday reported first-quarter net earnings of $164 million or $0.51 per share compared with $127 million or $0.41 per share last year.

Excluding items, adjusted earnings for the quarter were $0.61 per share.

Revenues for the quarter were $569.5 million compared with $606.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.53 per share on revenues of $563.4 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter were lower at $364.5 million compared with $441 million a year ago.