Gaming technology co Playtech disappoints,share plummets

BingoT

Nurses love to give shots
Joined
Dec 16, 2004
Location
Hartford,Ct
Gaming technology co Playtech disappoints,share plummets
The company attributes its lower forecasts to a slow start by joint venture William Hill Online and difficult market conditions.

Online gaming technology developer Playtech Cyprus Ltd. (AIM:pTEC) today published its key performance indicators for the second quarter of 2009. For the first time, the company's quarterly revenue was less than achieved in the preceding quarter, and the company lowered its full-year forecasts.

Playtech's share dropped 22% by midday on Londons Alternative Investment Market (AIM) to ?3.53, giving a market cap of ?844 million.
Tali Tsipori
You do not have permission to view link Log in or register now.


Dream Stocks for Internet Investors
Investors are always hunting for the next big stock -- the dream stock whose price increases several times over when the market finally discovers it. It's easy to look back and discover the 10 best stocks of the past decade. But I'm more interested in the tools that can help me evaluate tomorrow's greatest companies.
You do not have permission to view link Log in or register now.

By Dave Mock
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top