5 Killer Stats
Q3 earnings at EA Sports
The e-gaming specialists published quarterly earnings this week and the market didn’t like what it saw. Pointing the finger largely at a 1 million unit shortfall in sales of its Battlefield 5 game, earnings came in $140 million lower than had been expected and the shares tumbled around 13% as a result. The company has now lost almost half of its value since last summer’s peak.
Snap, the owners of the Snapchat messaging app, produced numbers this week which impressed the market. Another decline in users had been expected but the company reported no change from the previous quarter. Pre-tax losses still remain a chunky $191 million but the news was sufficient to drive shares as much as 15% higher off the news.
Ocado share price
The online grocer saw its shares tumble on Wednesday off the back of news that a fire had ripped through its Andover warehouse. The facility sends out 30,000 orders each week, around 10% of the company’s overall capacity. Disruption is expected to last several weeks and the company has warned the disruption will impact sales.
Q3 loss for Ryanair
The low cost airline was the latest in the sector to report its struggles on Monday. Falling fares as a result of overcapacity are blighting the sector as a whole, so whilst that might be good news for passengers, it’s not so great for shareholders. The market had however been braced for the news following a warning from the business last month.
Shopping centre in Scotland
The Postings shopping centre in Fife has been sold this week for just £310,000. Whilst the 1980’s retail mecca is in need of some significant redevelopment, the price tag is being seen as testament to the struggles seen by mainstream retailers in general.
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