Square Enix stock drops 10% after no profit growth forecast, says analyst
Published on
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:
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.