Ubisoft’s U.S.-listed stock sinks toward 7-year low after ‘Assassin’s Creed’ game company cuts booking targets

The U.S.-listed shares of Ubisoft Entertainment S.A.

took a 10.6% dive toward a seven-year low in midday trading Wednesday, after the France-based videogame maker cut its fiscal third-quarter booking target, citing “major challenges” from shifting industry dynamics and a slowing economy. The company’s portfolio of games includes “Assassin’s Creed,” “Tom Clancy’s Ghost Recon” and “Mario + Rabbids: Sparks of Hope.

took a 10.6% dive toward a seven-year low in midday trading Wednesday, after the France-based videogame maker cut its fiscal third-quarter booking target, citing “major challenges” from shifting industry dynamics and a slowing economy. The company’s portfolio of games includes “Assassin’s Creed,” “Tom Clancy’s Ghost Recon” and “Mario + Rabbids: Sparks of Hope.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market outlook: S&P 500 could fall 22%, Morgan Stanley saysThe S&P 500 could fall another 22% and investors' view of more downside for stocks is too mild, Morgan Stanley says didn't they help Bernie Madoff? OneMargaretx Eat The Rich
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »