An Electronic Arts office is shown in Los Angeles, California, U.S., July 27, 2020. REUTERS/Mike Blake
(Reuters) - Electronic Arts Inc on Tuesday raised its annual sales outlook, betting on strong sales of its sports titles including "FIFA 21" and "Madden NFL 21" as more people turn to videogames to keep themselves entertained during COVID-19 lockdowns.
Shares of the company, however, fell 5% in extended trading after EA's 98 cents adjusted profit forecast for the current quarter missed analysts' average estimate by 2 cents.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
