Sections

Eidos shares show signs of recovery

Publishers stock jumps 8% in morning trading as it regroups for 2009

Shares in publisher Eidos, which fell by over 25 per cent on Friday following its lowering of revenue estimates, showed some signs of recovery today in early morning trading.

The company's stock was back up 8 per cent in the first hour after the markets opened, hitting 13 pence at the time of writing, as the publisher attempts to regroup for 2009.

While Tomb Raider: Underworld failed to meet sales expectations following a high-profile TV campaign, there are high hopes for the performance of forthcoming title Batman: Arkham Asylum, the project in development at Rocksteady Studios for the PlayStation 3, Xbox 360 and PC platforms.

Eidos also earlier announced the cutting of 30 jobs at Tomb Raider developer Crystal Dynamics.

More stories

Former Project IGI devs buy IP back from Square Enix

But developer Artplant not announcing new game just yet, re-releases and remasters are off the cards

By James Batchelor

Ian Livingstone awarded CBE

"I'm unbelievably happy, proud and delighted"

By Rachel Weber

Latest comments

Sign in to contribute

Need an account? Register now.