Square Enix stock drops 10% after no profit growth forecast, says analyst
Square Enix stock has reportedly dropped 10% after the firm issued a no profit growth forecast, according to industry analyst out of Tokyo David Gibson.
It follows confirmation that Square Enix has raised its financial projection for the fiscal year ended March 31, 2014, although this does not necessarily mean the company turned a profit for the year. If Gibson is to be believed, the company has just announced a no profit projection in Japan.
On Twitter, Gibson had this to say:
Square Enix stock falls 10% on no profit growth forecast despite going into China, forecast game units to 12m from 17.23m last year
— David Gibson (@gibbogame) May 12, 2014
Square Enix forecast of game units falling to 12m implies no FF15 in the year ending Mar 2015
— David Gibson (@gibbogame) May 12, 2014
The second tweet implies that Final Fantasy 15, surely a big hitter for the firm, will not launch before March 31, 2015. However, this is purely speculative on Gibson’s part.
We should know more once the Square Enix financials drop. Stay tuned.
