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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Evolution Rises 6% as Revenue Continues to Climb

21/7 11:21


  • (PLX AI) – Evolution shares rose 6 percent after earnings beat estimates across the board and revenue continued to climb.
  • • With recent share weakness ahead of the report, the beat was enough to outperform the market, with Live the main driver and stable performance at NetEnt
  • • Strong organic growth and the imminent launch of the Michigan studio should support the share today, analysts said
  • • Though Q2 was not a huge beat vs expectations, the continued top-line growth despite the comparisons and reopening of some markets reflect the strength of the Evolution model and thematic growth it benefits from, analysts at Bank of America said
  • • Bofa maintains a buy rating, price target SEK 1,910