King Digital Entertainment (KING) Falls as Q2 Earnings Balloon

King Digital Entertainment KING shares tumbled 12% to $13.38. King Digital reported better-than-expected earnings for the second quarter. However, its gross bookings declined 13% year-over-year to $529 million in the second quarter. For the current quarter, the company expected gross bookings of $460 million to $485 million. Share volume was 9.2 million, compared to an all-day average of 320,000