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Ubisoft stock jumps 6% on financials

Publisher's share price rises following confident outlook on second half performance

Ubisoft's share price has jumped by over 6 per cent in trading so far today following the release of its first half fiscal results last night.

The stock opened up at EUR 11.40 (USD 16.93) before falling back slightly and rallying to EUR 11.31 (USD 16.79) at the time of writing.

The movement is despite the company announcing an operating loss of EUR 80 million (USD 119 million) for the first six months of the financial year, and sales numbers which were down by around 52 per cent year-on-year.

Those results were in line with guidance, and the company expects to post over EUR 1 billion (USD 1.48 billion) in revenues for the full year on a strong release schedule in the second half.

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