Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking up new gaming titles.Video game companies were one of the largest beneficiaries of the pandemic, with people staying hooked to their consoles to deal with boredom amid restrictions on movement.
The company said it expected full-year adjusted sales of $7.53 billion, compared with its previous forecast of $7.63 billion earlier. Analysts expected $7.62 billion, according to Refinitiv IBES data
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