NEW YORK - January 24, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Electronic Arts Inc. (“EA” or the “Company”) (NASDAQ: EA).
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If you are an EA investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.
On January 22, 2025, after the close of trading, the Company announced in a press release 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 revealed 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, nearly 17%, to close at $118.58 per share on January 23, 2025. This represents the largest single day decline since 2008.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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