EA shares drop 7% after company lowers guidance due to weakness in soccer, other games
- Electronic Arts lowered its full-year bookings guidance, citing underperformance in its soccer franchise, EA Sports FC, and other games.
- EA shares dropped 7% in extended trading after the announcement of lower expected net bookings for the fiscal year.
- The company expects net bookings for the full fiscal year to be between $7 billion and $7.15 billion, down from previous guidance of $7.5 billion to $7.8 billion.
- Analysts expressed concerns about EA's performance, with some downgrading the stock and citing limited clarity on future earnings and growth catalysts.
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Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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