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Earnings Results: Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts

Electronic Arts Inc. disappointed investors with its holiday sales and earnings Tuesday, and executives moved a big game launch to next fiscal year, leading to a forecast that is drastically less than Wall Street expected.

EA EA shares dove more than 5% as the videogame publisher missed on every important metric for its holiday earnings and the forecast for its final fiscal quarter of the year. In statements, executives sounded as if cuts were taken to compensate for the miss.


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