Electronic Arts is feeling the pressure to deliver a new hit. The publisher reported strong earnings for the second quarter of its fiscal 2019 yesterday. But its stock price has since stumbled due to concerns about its outlook for the next six months. EA recognized those worries, and it tried to address many of them during a conference call with investors.
When fiscal 2019 began, EA said it was expecting to generate earnings per share of around $3.55. But in yesterday’s report, it has since revised that figure down to $3.11. And while EA is always conservative, investors can see why EA might expect to make less money.
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