EA is up 16% after its Fortnite competitor gets 10 million players in the first three days

EA is up 16% after its Fortnite competitor gets 10 million players in the first three days

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/08/ea-soars-after-its-fortnite-competitor-quickly-reaches-10m-players.html

Electronic Arts soared 16 percent Friday after announcing its new Fortnite competitor gained 10 million players in its first 72 hours.

The stock fell nearly the same amount just a few days earlier after EA reported its third-quarter 2019 earnings. CEO Andrew Wilson had said the company "did not perform to our expectations," reporting a revenue miss of $1.61 billion vs. an estimate of $1.75 billion according to Refinitiv. But Friday's rally puts the stock back in the positive for the week, up 7 percent.