EA Stock Plunges 19% On Bad Sales Data
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EA’s stock took a major hit, plunging 19% in its worst trading day since the dot-com crash.
The sharp decline came after the company revised its financial outlook, citing weaker-than-expected performance in key areas.
Specifically, EA’s soccer game, EA Sports FC, failed to meet sales expectations, while the latest entry in the Dragon Age franchise also underperformed.
These disappointing results have led to concerns about the company’s ability to sustain growth, impacting investor sentiment and dragging down shares significantly.
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