Electronic Arts Inc. (EA)
After hours:
- Yahoo Finance Video
Disney earnings, Fedspeak, Econ data: Monday's what to watch
Yahoo Finance Anchors Josh Lipton and Julie Hyman preview what investors should look out for on Tuesday, May 7th, from Disney (DIS) earnings to commentary from Minneapolis Federal Reserve president Neel Kashkari. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Reuters
UPDATE 1-Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation
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. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data. For the fourth quarter, the company, which also makes games like "Star Wars Jedi: Survivor", posted bookings of $1.67 billion, missing estimates of $1.77 billion.
- Reuters
Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation
The Redwood City, California-based company, whose shares were down about 4% in extended trading, also authorized a new three-year stock buyback plan totaling $5 billion. 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. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data.
