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Taking the new earnings forecast as a given, at $117.50 per share, EA stock now costs about 30 times trailing earnings. For a stock with slumping sales, that's probably still too expensive to buy .
Electronic Arts's logo since 2020. Since the 2010s and before, the video game company Electronic Arts has been at the center of numerous controversies involving acquisitions of companies and anti-consumer practices in their individual games, as well as lawsuits alleging anti-competitive practices on EA's part when signing sports-related contracts.
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Electronic Arts (NASDAQ:EA) stock faces a crucial test as the company reports earnings on July 30 after the market close. The gaming giant saw its stock slide as its core gaming audience moved ...
On February 28, 2024, Electronic Arts (EA) announced the layoff of 670 staff members. EA's CEO, Andrew Wilson, outlined the company's focus on owned IP, sports, and massive online communities as part of its business advancement. Additionally, EA shut down Ridgeline Games and canceled a Star Wars single player game developed by Respawn ...
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
Analysts were calling for Electronic Arts to bring in earnings of 73 cents per share, according to data compiled by FactSet. The company also brought in net bookings, which is a key metric to ...
Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California.Founded in May 1982 by former Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the designers and programmers responsible for its games as "software artists".