EA stock tumbles following financial results
Publisher sees share price fall by 7% despite solid underlying numbers
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Shares in Electronic Arts fell by almost 7 per cent yesterday, following the release of the publisher's Q1 financial results.
The numbers themselves saw revenue fall by 20 per cent year-on-year, while losses also increased - although both numbers were significantly impacted by large deferred revenue adjustments.
In fact, the performance of two key titles - The Sims 3 and EA Sports Active - was strong, but investors responded and the company's stock fell by 6.81 per cent to USD 20.40.
That number fell slightly further in after hours trading, by a quarter of a per cent to USD 20.35.