(Reuters) – Electronic Arts Inc on Tuesday forecast first-quarter adjusted sales below estimates, bracing for weaker sales of its “Battlefield 2042” title and a slowdown in lockdown-fueled demand.
The Redwood City, California-based company’s shares were down 1.3% in extended trading.
Electronic Arts forecast current-quarter adjusted sales between $1.20 billion and $1.25 billion, compared with analysts’ average expectation of $1.44 billion, according to Refinitiv IBES data.
For the fourth quarter ended March 31, adjusted sales stood at $1.75 billion, slightly below estimates of $1.78 billion.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)