PLTK - Why Playtika Holding Corp. Stock Dove 25% Today
Shares of Playtika Holding Corp. (NASDAQ: PLTK) plunged on Wednesday, down by 25% as of 12:30 p.m. EDT. The sharp move lower came after the mobile gaming platform specialist reduced its short-term growth and earnings outlook in its third-quarter earnings report.
Image source: Getty Images.
Sales for the three-month period that ended in late September rose 4% to mark a slight acceleration compared to the prior quarter's 1% uptick. The platform notched a few important operating wins, too, with several of its casual and casino gaming products expanding their player bases.
For further details see:
Why Playtika Holding Corp. Stock Dove 25% Today