EA 'more optimistic than ever' as gaming boom intact, for now
FILE PHOTO: An Electronic Arts office is shown in Los Angeles, California, U.S., July 27, 2020. REUTERS/Mike Blake
05 Aug 2021 04:09AM
(Updated: 05 Aug 2021 06:00AM)
:Electronic Arts Inc on Wednesday forecast current-quarter adjusted sales above estimates, as the videogame publisher bets on a strong performance from mainstay titles like "FIFA 21" and "Apex Legends", sending its shares up nearly 5per cent.
Redwood City, California-based EA also raised its annual sales forecast, but that missed estimates, ahead of a likely slowdown in gaming as world economies inch back to normal, enticing gamers to ditch their consoles and step outside.