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Wednesday, August 13, 2014

King Digital melts after hours


Shares of King Digital Entertainment PLC sank in Tuesday's extended trading after the maker of the "Candy Crush Saga" videogame released a weak outlook for the current quarter.

King Digital KING -20.82% reported second quarter adjusted earnings of 59 cents a share, in line with analysts' estimates. However, it forecast third-quarter gross bookings to shrink sequentially to a range of $500 million to $525 million.

Shares of King Digital slumped 21% in after-hours trading.

 Fossil Gourp Inc. FOSL -2.33% said second quarter earnings fell to $52.2 million, or 98 cents a share, from $67.7 million, or $1.15 a share. a year ago. Some guidance for the current quarter fell short of analysts' views, and shares fell 3.9% in after-hours trading.

JDS Uniphase Corp, JDSU -3.53% said it swung to a fourth-quarter loss of $25.4 million, or 11 cents a share. from $92.5 million, or 38 cents a share, a year ago. Shares skidded 5.1% in after-hours trade after the maker of testing and measurement equipment issued first quarter guidance that was below Wall Street expectations.

La Quinta Holdings Inc. LQ +0.41% reported second quarter earnings of $17.5 million, or 14 cents a share, up from $15.5 million, or 13 cents a share, a year earlier, and raised its full year outlook. La Quinta shares were unchanged in late trade.

Source: marketwatch.com

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