Featured Sponsor
| Store | Link | Sample Product |
|---|---|---|
| UK Artful Impressions | Premiere Etsy Store |
 |
Shares of Swedish gaming group Embracer plunged nearly 40% Wednesday after the group cut its forecast for the year and said a $2 billion partnership deal had collapsed.
Hugger he said he was briefed on Tuesday that a strategic partnership he had been negotiating for seven months “will not materialise”. As a result, it said it expects to generate SEK 7 billion ($658 million) to SEK 9 billion in adjusted earnings before interest and tax in the current financial year, down from SEK 10.3 billion of SEK to 13.6 billion SEK.
“It’s been a challenging year, negatively impacted by game delays, weaker consumer demand and lackluster reception for some notable releases,” Embracer chief executive officer Lars Wingefors said Wednesday.
The group’s stock price is down 50% since early last week when it provided an interim report saying its adjusted earnings before interest and taxes for the year would be significantly lower than forecast.
—————————————————-
Source link
We’re happy to share our sponsored content because that’s how we monetize our site!
| Article | Link |
|---|---|
| UK Artful Impressions | Premiere Etsy Store |
| Sponsored Content | View |
| ASUS Vivobook Review | View |
| Ted Lasso’s MacBook Guide | View |
| Alpilean Energy Boost | View |
| Japanese Weight Loss | View |
| MacBook Air i3 vs i5 | View |
| Liberty Shield | View |