EA's stock drops as the company lowers its financial forecast due to underperforming games.
Video game company Electronic Arts (EA) saw its stock drop significantly after lowering its financial guidance due to underperformance in its soccer game and the role-playing game Dragon Age. The company now expects full-year net bookings between $7 billion and $7.15 billion, less than the previous forecast of $7.5 billion to $7.8 billion. Despite mixed reviews from analysts, EA's CEO and insiders have sold shares recently.
2 months ago
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