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NetEnt shares fall sharply as company misses Q4 targets

16th January 2018 10:54 am GMT
Net Ent

Swedish casino games specialist NetEnt has seen its share price fall by almost 20 per cent on Tuesday morning after the company said that it would fail to meet revenue and profit targets for the final quarter of 2017.

NetEnt said that total revenue for the final quarter of 2017 amounted to approximately SEK419m (€42.6m), with an estimated operating profit of SEK150m for the period, below market expectations.

The company attributed the weaker performance to lower-than-expected revenue growth following its [...]

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