Ten Square Games leaps after Q2 beat

Ten Square Games

27/08/2024 08:13

** Shares in Ten Square Games  TENP.WA  rise around 5% to three-month high
after the Polish mobile game producer's Q2 results exceeded expectations
    ** Its adjusted EBITDA came in at 27.3 million zlotys, 17% above consensus
estimate cited by Erste Group, while net income came in 32% ahead 
    ** The beat was mainly generated on the gross profit line due to the
recognition of higher-than-expected durables and lower-than-expected costs,
Erste Group's analyst Piotr Bogusz says in a note 
    ** The stock is at the top of Poland's mid-cap index MWIG40  .MWIG40 

 (Reporting by Julia Kotowska and Rafal Wojciech Nowak)
 ((julia.kotowska@thomsonreuters.com, +48 58 769 66 63))