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EA shares plunge 19%, on track for worst day since dot-com bubble
Electronic Arts shares plummeted on Thursday after the video game publisher cut its forecast, due largely to challenges with its soccer franchise.
Shares of Electronic Arts headed for their steepest drop since 1999 after the video game publisher cut its full-year bookings guidance, due mostly to challenges with its soccer franchise. "Weakness has been seen largely from the Global Football franchises," analysts at Roth Capital Partners wrote in a report on Thursday, calling the earnings preannouncement a "big stumble." Electronic Arts shares plummeted on Thursday after the video game publisher cut its forecast.
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