HERZLIYA PITUARCH, Israel (AP) — HERZLIYA PITUARCH, Israel (AP) — Playtika Holding Corp. (PLTK) on Thursday reported a loss of $16.7 million in its fourth quarter.
The Herzliya Pituarch, Israel-based company said it had a loss of 4 cents per share. Earnings, adjusted for asset impairment costs, were 3 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The mobile game developer posted revenue of $650.3 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $624.9 million.
For the year, the company reported profit of $162.2 million, or 44 cents per share. Revenue was reported as $2.55 billion.
Playtika expects full-year revenue in the range of $2.8 billion to $2.85 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLTK at https://www.zacks.com/ap/PLTK
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