EA’s stock drops 6% as it signals slower quarters and fewer games ahead

Electronic Arts‘ stock price fell 6 percent in after-hours trading as the big video game publisher signaled that it wasn’t as bullish about the coming quarters as investors thought it should be. EA managed to beat Wall Street estimates for the first fiscal quarter ended June 30, but it didn’t change its estimates for the full year, prompting investors to wonder if it anticipates weaker quarters in the rest of the year.

For the full year, EA expects to make a billion dollars on $5.6 billion in revenue. But that’s apparently not good enough. The question at hand is whether EA lacks the breadth of titles to smooth out its slow quarters as it focuses all of its resources on its blockbuster games such as Battlefield V. A decade ago, EA would launch 60 titles a year. But now it has just eight PC/console games coming this fiscal year, and two of those are small titles from its indie games label.