HERZLIYA PITUARCH, Israel (AP) — HERZLIYA PITUARCH, Israel (AP) — Playtika Holding Corp. (PLTK) on Thursday reported a loss of $57.5 million in its first quarter.
On a per-share basis, the Herzliya Pituarch, Israel-based company said it had a loss of 15 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The mobile game developer posted revenue of $744.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $687.6 million.
Playtika expects full-year revenue in the range of $2.75 billion to $2.85 billion.
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