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Game-maker Zynga Inc.
ZNGA was getting crushed Friday day on a disappointing outlook, yet a couple of significant competitors appeared immune from fallout.
King Digital Entertainment PLC
KING, which went public in March at $22.50 a share, gained 2 percent earlier Friday, and traded recently at $19.38 up $0.15 cents.
Glu Mobile Inc.
GLUU was changing hands at $5.40 a share, up 1.7 percent.
Zynga's disappointing second quarter results and news that product launch delays will result in lower-than-expected 2014 earnings send its shares down more than 6 percent to $2.73 a piece.
"We aspire to do better and improve execution across our business,” Zynga's Chief Executive Don Mattrick said.
King, maker of Candy Crush Saga, recently seemed to emerge from worries that it's a one-hit wonder with news that its Bubble Witch Saga and Farm Heroes Saga games accounted for a majority of first-quarter bookings.
Glu's Kim Kardashian: Hollywood game, launched June 25, generated $1.6 million during its first five days on the market, the company told investors on a recent conference call.
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