Electronic Arts Inc lowered its annual bookings forecast on Tuesday, as the videogame publisher delayed the release of a title based on the 'Star Wars' franchise and consumers dialed back spending in a sagging economy.
The results, meanwhile, showed that recent launches were not doing enough to draw consumers, who are prioritizing essentials in the face of still-high inflation and rising interest rates.
Its third-quarter adjusted sales and profit also came in below analysts' expectations, according to Refinitiv data.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Electronic Arts Cancels Two Mobile Games, Delays ‘Star Wars Jedi: Survivor’ by a MonthThe video game company reported net income of $204 million, up from $66 million in the year earlier period, but revenue fell below expectations of many on Wall Street.
Leer más »
Stocks making the biggest moves after hours: Snap, Electronic Arts, Advanced Micro Devices and moreThese are the stocks posting the largest moves in after hours trading.
Leer más »
Theater Notebook: New Dea Hurston New Village Arts Center in Carlsbad makes national arts historyAlso this week: Diversionary Theatre lands a writers residency for a new musical it's developing, and a celebration of life for former U-T critic Welton Jones is set for Feb. 11
Leer más »
Star Wars Jedi: Survivor will release in April following delay | Digital TrendsStar Wars Jedi: Survivor has been pushed back by six weeks, so it will now release on April 28.
Leer más »
‘Avatar 2’ Passes ‘Star Wars,’ Now the Fourth-Biggest Movie EverThe Force awakened, but it was no match for the way of water.
Leer más »