Jamdat Mobile, which reported its Q3 earnings yesterday, saw its stock plunge as much as 40 percent, after analysts felt it did not meet expectations…
The company had its IPO in September…”The stock had an amazing run since its IPO and clearly expectations were high for the company to deliver strong performance in the first few quarters,” said video game analyst Boris Markovich of brokerage TerraNova Institutional.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post