Playtika: Q4 Earnings Snapshot

Associated Press Finance
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HERZLIYA PITUARCH, Israel (AP) — HERZLIYA PITUARCH, Israel (AP) — Playtika Holding Corp. (PLTK) on Monday reported fourth-quarter net income of $37.3 million.

On a per-share basis, the Herzliya Pituarch, Israel-based company said it had net income of 10 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The mobile game developer posted revenue of $637.9 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $633 million.

For the year, the company reported profit of $235 million, or 64 cents per share. Revenue was reported as $2.57 billion.

Playtika expects full-year revenue in the range of $2.52 billion to $2.62 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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