(Updates with the company's latest stock move in the headline and in the first paragraph.)

Bending Spoons' (BSP) shares were down more than 16% in Thursday trading after its full-year revenue guidance came in below Wall Street expectations.

The company reported Q2 adjusted earnings Wednesday of $0.46 per diluted share, up from $0.17 a year earlier.

Revenue for the quarter ended June 30 was $704.2 million, compared with $311.1 million a year earlier.

Analysts projected $682.8 million.

For Q3, the company expects revenue in the range of $733 million to $745 million. Analysts forecast $738.7 million.

For the full year, Bending Spoons expects revenue in the range of $2.78 billion to $2.82 billion. Analysts expect $2.90 billion.

Price: 41.24, Change: -7.75, Percent Change: -15.81