EA Stock Plummets as Game Publisher Misses March-Quarter Targets: Impact on Cryptocurrency (EA)

• Video game publisher Electronic Arts (EA) has reported a miss on Wall Street’s targets for its fiscal fourth quarter, leading to a drop in EA stock in extended trading.
• The company’s earnings declined 23% year-over-year, with net bookings dropping 14%.
• EA’s outlook for the current quarter and year ahead is also softer than expected, further impacting the stock’s performance.

Electronic Arts (EA) reports lower than expected earnings for the fiscal fourth quarter, leading to a drop in stock value. The company’s outlook for the current quarter and year ahead is also softer than expected.