King Digital Shares Rally After Earnings Beat, Special Dividend

MarketWatch Pulse

King Digital Entertainment Inc. shares jumped Thursday after the mobile games maker topped Wall Street estimates and announced a special dividend. King Digital shares surged 21% to $17.83 on heavy volume. The Candy Crush games company reported adjusted fourth-quarter earnings of 57 cents a share on adjusted revenue of $559.2 million. Analysts had forecast earnings of 47 cents a share on revenue of $515.6 million. King announced a special dividend of 94 cents a share to be paid March 24 to shareholders of record as of March 4.

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