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Sunrise Shares (EA.US) lowers its fiscal year subscription revenue forecast, and the stock price dropped more than 11% after the market.
Game Publisher Sunrise Shares (EA.US) released preliminary quarterly results, with earnings per share of $1.11, surpassing the guidance of 85 cents to $1.02, meeting market expectations. Quarterly net subscription revenue was approximately $2.22 billion, falling short of the guidance of $2.4 billion to $2.55 billion, and also below the market expectation of $2.51 billion. The company lowered its net subscription revenue forecast for the fiscal year 2025, from between $7.5 billion to $7.8 billion down to between $7 billion to $7.15 billion, with market expectations at $7.69 billion. Sunrise Shares' stock price dropped 11.6% in extended trading, reporting at $12.59 billion, indicating a Market Cap will.
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