Playtech full-year results in line with expectations after strong quarter

22nd Jan 2015 09:18

Playtech said it continued to perform "strongly" during the last quarter and expects full-year results to be in line with expectations.In a very brief update, the gaming software group expects revenues and earnings before interest, taxes, depreciation and amortization will be "comfortably" in line with market consensus, which represents "double digit growth" compared to last year.Canaccord analysts said the group is "building momentum", giving a 'buy' recommendation and a target price of 840p.Shares were up 5.68% to 688.5p on Thursday at 09:37.