Shares in Electronic Arts (EA) traded sharply lower on Thursday after the video gamer publisher slashed its full-year bookings outlook amid softening demand for its sports games, including its prominent soccer franchise.
Electronic Arts (EA) shares plunged 17% Thursday, a day after slumping demand for its EA SPORTS FC 25 video game prompted the company to cut its outlook.
Major U.S. equities indexes moved higher as investors absorbed the latest round of corporate earnings reports and announcements from the new presidential administration.
While some analysts downgraded Electronic Arts shares, others found reasons to stay optimistic.
Wall Street analysts are scrambling to downgrade Electronic Arts Inc (NASDAQ: EA) this morning after the company's management trimmed its outlook for full-year bookings.
Is it game over for Electronic Arts (EA -16.82%)? Shares of the video games mogul crashed 17.5% through 11:55 a.m.
Electronic Arts shares plummeted on Thursday after the video game publisher cut its forecast. The company said its soccer franchise "underperformed our net bookings expectations.
EA stock is spiraling Thursday after video game maker Electronic Arts released preliminary quarterly numbers and lowered its full-year bookings guidance.
Electronic Arts was hoping for a big year with the release of its soccer title, EA Sports FC 2025. But it got mixed reviews and EA ditched the "FIFA" branding.
Electronic Arts Inc. (NASDAQ:EA) stock is near the bottom of the Nasdaq today , last seen down 17.3% to trade at $117.62.
GE Aerospace (GE) jumped to levels it hasn't seen since 2007. The company posted an earnings beat and total orders that impressed investors.
Shares of Electronic Arts sank 17% on Thursday after the videogame maker cut its annual forecast, sparking fears over the future of its soccer franchise that has been a cornerstone of its gaming empire.