RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Electronic Arts Inc. (NASDAQ: EA) (“EA”).
On January 22, 2025, after the close of trading, EA announced its preliminary results for the third fiscal quarter and a revised outlook for the fiscal year ending March 31, 2025. Specifically, EA revealed that the “initial guidance for fiscal year 2025 anticipated mid-single-digit growth in live services net bookings[.] However, the company now projects mid-single-digit decline, with Global Football accounting for the majority of the change.” EA also disclosed that another game, Dragon Age, had only “engaged approximately 1.5 million players during the quarter, down nearly 50% from the company’s expectations.”
Following this news, the price of EA stock declined $23.77 per share, or nearly 17%, to close at $118.58 per share on January 23, 2025.
If you are an EA investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/new-cases/electronic-arts-inc?utm_campaign=ea&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
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