Previous close | 1.7500 |
Open | 0.5500 |
Bid | 0.4000 |
Ask | 2.6000 |
Strike | 119.00 |
Expiry date | 2024-05-24 |
Day's range | 0.5500 - 0.6700 |
Contract range | N/A |
Volume | |
Open interest | 7 |
EA Delivers Record Cash Flow and Strong Growth Amidst Strategic Expansions
Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an uncertain economic outlook. The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. Analysts from Roth MKM had warned about the company's outlook in a research note last week citing a lack of visibility into EA's development pipeline and lighter release schedule.
(Reuters) -Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an uncertain economic outlook. "Issuing buybacks will help offset some of the negative sentiment on the short term, but game publishers should be working toward an upswing once the next console generation presents itself," said Joost Van Dreunen, a lecturer at NYU's Stern School of Business. The dour forecast from EA will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation.