Investing.com - Playtika reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Playtika announced earnings per share of $0.17 on revenue of $647.8M. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $646.79M.
Playtika shares are down 35% from the beginning of the year and are trading at $8.58 , down-from-52-week-high.
Playtika shares lost 11.46% in intra-day trade after the report.
Playtika follows other major Communication Services sector earnings this month
Playtika's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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