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Kim Kardashian And New Candy Crush Apps Please Investors - Yahoo News

With Candy Crush revenue sinking faster than most expected, shares of King dropped from $24 at the companys IPO on March 26, 2014, to a low of $10.68 last October. But they plummeted to as low as $3.27 by last month -- a 57% loss -- as it became clear that despite being able to melt the Internet with her naked rear, Kardashian alone could not reach $200 million . Now comes a reversal again, with investors seeing evidence that the mobile game companies can succeed over the long term, albeit with very different strategies. [ Get the Latest Market Data and News with the Yahoo Finance App ] King reported total bookings in the fourth quarter of $586 million, beating analyst expectations of $541 million. And adjusted earnings per share of 57 cents came in 10 cents above what analysts expected. The beat came not from Candy Crush but from surprising growth in the companys other hit games, including Pet Rescue and Candy Crush sequel Candy Crush Soda.


Related post: http://hollywoodtuna.snappages.com/blog/2014/02/27/jimmy-fallon-makes-tonight-show-debut-with-kim-kardashian

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