Angry Birds Maker Rovio Plummets After Profit Outlook Is Cut
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Rovio Entertainment Oyj, the maker of the Angry Birds mobile game, lost about a quarter of its market value in less than an hour of trading after shocking its investors with a profit warning.
The company said on Thursday that it won’t reach its profit target for the year. Rovio has now nearly wiped out its share-price gains in 2019.