Ubisoft (UBI) Shares Drop 16% After Profit Warning
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowUbisoft (UBI) shares fell 16% on Thursday due to warnings of annual profit losses. The company's stock had already declined 34% in January following a major restructuring announcement. CEO Yves Guillemot stated that the upcoming financial year is expected to be a low point in free cash flow, alongside restructuring costs. The stock has decreased approximately 38% year-to-date, reflecting significant financial struggles and delays in major game releases.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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