Why Electronic Arts Is Sending $3 Billion to Investors
Investors can be hard to please sometimes. Electronic Arts' (NASDAQ: EA) stock fell after the company announced record metrics for its fiscal second quarter thanks to a flood of hit content releases and surging demand for at-home entertainment. The video game giant declined to boost its 2020 outlook, in a break from peers like Activision Blizzard (NASDAQ: ATVI). But EA is still expecting a banner year for sales and profits ahead.
In a conference call with investors, CEO Andrew Wilson and his team explained the factors that have them feeling confident about the business heading into the crucial holiday shopping season. They also added context to that stable 2020 outlook. Let's look at some highlights.
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Source Fool.com
