Electronic Arts (ERTS) lowered its estimates for the fiscal year ending March 31, primarily because of lower-than-expected sales in North America and Europe.The company's stock fell to $58.35 in late trading; it closed the regular session at $66.35. Other video-game software makers, such as Activision (ATVI - Get Report), Take-Two Interactive (TTWO - Get Report) and THQ (THQI), slipped in sympathy.
Electronic Arts Cuts Guidance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.