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January 21, 2012 10:07 am GMT
So, there's been some hubbub around Electronic Arts over the last few days, as the company ramps up for the release of its third quarter earnings on February 1st. Yesterday, EA's stock closed at $17.54 per share, which, in context, meant that the gaming goliath's stock was down 30 percent since hitting its 52-week high in early November. This drop was mostly due to the collective shock relating to the news concerning its recently released title, Star Wars: The Old Republic, which now has a ridiculous price tag attached to it -- as Wall Street is estimating the cost to be between $150 and $200 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CqW0_qzA8_M/
Analyst: All These Concerns Over EA And Star Wars Are Overdone
So, there's been some hubbub around Electronic Arts over the last few days, as the company ramps up for the release of its third quarter earnings on February 1st. Yesterday, EA's stock closed at $17.54 per share, which, in context, meant that the gaming goliath's stock was down 30 percent since hitting its 52-week high in early November. This drop was mostly due to the collective shock relating to the news concerning its recently released title, Star Wars: The Old Republic, which now has a ridiculous price tag attached to it -- as Wall Street is estimating the cost to be between $150 and $200 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CqW0_qzA8_M/
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