Games group Embracer misses Q3 operating profit estimate
The Star Online - Tech·2024-02-15 19:03
(Reuters) -Swedish games developer Embracer said it may miss its debt reduction target, but maintained its full-year forecast after on Thursday reporting slightly weaker-than-expected operating profit for October to December.
Shares in the company fell by more than 16% at 09.22 GMT, putting them on track for the worst day since May 2023. The company's shares have since lost more than a half of their value.
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