Sections

EA stock falls almost 25% in two days

Publisher's share price bears the brunt of yesterday's bad news

Shares in Electronic Arts fell by a further 12 per cent yesterday as investors digested the bad news that the super-publisher was revising its guidance downwards on lower-than-expected sales.

It combined with a fall the previous day to give the company a two-day loss of over 22 per cent, bringing the stock down to USD 17 and the market capitalisation down to USD 5.45 billion.

However, the price did recover slightly in after hours trading to go back up by around 2 per cent.

Yesterday CEO John Riccitiello warned investors that the company, while pleased with creativity and new IP, had seen sales fall short of expectation. Specific guidance on full year results will be announced early next year.

More stories

Take-Two withdraws bid for Codemasters following EA offer of $1.2bn

Electronic Arts now likely to take over British racing games developer as Take-Two considers other acquisitions

By James Batchelor

EA agrees $1.2 billion acquisition of Codemasters

UK racing specialist will become part of EA in a deal expected to close in Q1 2021

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.