Electronic Arts Falls After Outlook Misses Analyst EstimatesBy
Forecast overshadows gains from Star Wars in holiday quarter
Movie-themed game sold 13 million units, topping forecast
Electronic Arts Inc., the second-largest U.S. video-game publisher, fell as much as 12 percent in extended trading after forecasting fiscal fourth-quarter results that fell short of Wall Street estimates.Electronic Arts, based in Redwood City, California, posted third-quarter profit that beat analysts’ estimates as sales of the new title Star Wars Battlefront exceeded company projections.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals
- Equifax Stock Sales Are the Focus of U.S. Criminal Probe
- Geneva Police Confiscate Euro Bills Clogging Up Toilets