Electronic Arts Falls on Weak Forecast, Star Wars Game Delay
- EA pushes Star Wars Jedi: Survivor to April 28 from March 17
- Company stopping development on Battlefield, Apex mobile games
This article is for subscribers only.
Electronic Arts Inc. shares slumped after the video game maker gave a disappointing outlook for the current quarter due to a six-week delay in the release of its next highly anticipated Star Wars game.
The company expects net bookings, which exclude deferred sales from online purchases, of $1.68 billion to $1.78 billion in the three months ending in March. Analysts had projected $2.22 billion, according to data compiled by Bloomberg. The shares slid about 10% in extended trading.