Social and mobile game maker King Digital Entertainment reported quarterly earnings that met Wall Street expectations on Tuesday, but sales were below estimates and the company lowered its full-year outlook.
The company reported second-quarter earnings of 59 cents per share on $594 million in revenue.
Analysts had expected King Digital Entertainment to report earnings of 59 cents a share on $608 million in revenue, according to a consensus estimate from Thomson Reuters.
Shares fell about 22 percent in after-hours trading.
King Digital said gross bookings for the second-quarter came in at $611 million, less than the $640 million that analysts had expected.
Looking forward, the company forecast third-quarter bookings of between $500 million and $525 million and said it expects gross bookings for the full-year to come in between $2.25 billion and $2.35 billion.
On a positive note, the firm said it will pay a special dividend of $150 million on September 30.