(Sharecast News) - Video games developer Team17 now expects full-year adjusted underlying earnings and revenues to come in ahead of market expectations.
Team17 said on Friday the raised guidance was a result of its portfolio continuing to "perform well" over the peak Christmas sales period, with a specifically strong performance from its multiplayer games on Nintendo Switch.
The AIM-listed group also stated it was continuing to develop a "solid portfolio" of new original game IP launches in 2020, with more titles to come over the next twelve months than any previous year.
The company will report its full-year results on 10 March.
As of 1015 GMT, Team17 shares had shot up 9.90% to 420.90p.
Team17 (TM17)9 May 2024 09:53
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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: