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Oppenheimer reassured on EA pipeline after CFO meeting

Published 12/13/2018, 10:05 AM
© Reuters.  Oppenheimer reassured on EA pipeline after CFO meeting
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  • A meeting with management has reassured Oppenheimer's Andrew Uerkwitz on Electronic Arts' (EA -1%) game pipeline.
  • "We do worry about the near term but believe investors with patience will be rewarded," he writes, noting that EA has "several new shots on goal to get it right." Chief Financial Officer Blake Jorgensen seemed cautiously optimistic about FIFA and Battlefield V and spoke about the game maker's focus on live services and new content, Uerkwitz wrote. (h/t Bloomberg)
  • On Monday, Piper Jaffray trimmed its forecasts for the company based in part on worries about Battlefield V and disappointment with FIFA, as well as a mobile-game setback on Star Wars.
  • EA shares are down 26.6% over the past quarter.
  • Now read: GameStop (NYSE:GME): Management Can't Afford To Stop Innovating


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