888 Sees 22 Per Cent Jump in Q3 Revenue

Written by :

Reuters

Published on :

4 November, 2014

(Reuters) - 888 Holdings Plc shares rise as much as 5.4 pct, among the top performers among UK midcaps, after issuing an upbeat outlook.

** Online gambling company says expects full year adjusted EBITDA ahead of current analyst consensus.

** 888 posted a 22 pct jump in Q3 revenue driven by a strong performance in its casino games.

** Investec Securities, which rates stock a "buy" , says all areas are performing well, but casino, in particular is way ahead, with Q3 revenue up 23 pct.

** Up to Monday's close, the stock had fallen about 25 pct this year.

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