Well that has to sting the ego a little. In the wake of John Riccitiello announcing his retirement, Electronic Arts' stock went up 2.6% from sub-$14 to almost $19 per share.
Despite the jump, EA is performing a bit worse than expected. Riccitiello noted this in his resignation letter.
Despite the jump, EA is performing a bit worse than expected. Riccitiello noted this in his resignation letter.
"However, it currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued in January, and we have fallen short of the internal operating plan we set one year ago. EA's shareholders and employees expect better and I am accountable for the miss."
Comment