Board Thread:Game Discussion/@comment-33905330-20190222102100/@comment-26388545-20190222155949

Satrijoe wrote: I think what happened to FM is a direct consequence of this:

https://www.cnbc.com/2019/02/05/ea-q3-2019-earnings.html

(especially the last paragraph of the article) I was watching business news when EA's 3rd quarter numbers came out. It took a big hit for a few days, but it has bounced back.

It's funny how negative people can interprt things. The target for earnings was 1.75 and they only got 1.61... BILLION. Granted they fell short by 140 million which is a lot, but they still earned 1.61 billion!!! That's $1,610,000,000!!

CONSIDER:


 * 2 days after the 3rd quarter report the stock fell to a low of 78 (intraday).
 * 10 days after the same report the stock was back up to 108.8. (intraday)
 * That's a 39.5% rebound in 10 days!!!
 * Just prior to the announcement they were at 92.52 and that's about where they are now after the layoff news dropped.
 * After 2 negative news releases the stock is still okay.

Some are saying it is actually a good buy for 2019 Why 2019 Could Be a Good Year for Electronic Arts Stock. However we will have to see how the layoffs effect things. It's safe to say this is EA's way of trying to corret the Q3 low. The immediate public reaction is negative, usually is.

In the big picture I think EA looks fine, RR3 should be fine (I hope)

However people lost their jobs... that sucks!! I too hope people can find work in their field. I imagine some will have to move to a different nation to do that. Big changes!