Ubisoft Entertainment Stock Slumps on Disappointing Guidance

Thursday, 16 May 2024, 09:08

Ubisoft Entertainment experienced a significant drop in its stock value as it set guidance below analysts' expectations for the current quarter. The disappointing guidance indicates a sluggish start to the new fiscal year after a strong fourth quarter. Investors are closely monitoring the company's performance amidst this challenging market environment.
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Ubisoft Entertainment Stock Slumps on Disappointing Guidance

Ubisoft Entertainment Stock Slumps

Shares of *Assassin’s Creed* maker Ubisoft Entertainment plummeted following the release of below-expectation guidance for the current quarter. The disappointing signal reflects a slow start to the new fiscal year, in contrast to the company's strong fourth quarter.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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