
Increase in annual sales guidance pushes shares skyward
Ubisoft’s share price has jumped by over six per cent at last count - off the back of yesterday’s increase in its annual sales forecast.
The publisher announced that better-than-expected sales of titles such as Tom Clancy’s Rainbow Six Vegas 2 had raised expectations – and the financial market has responded accordingly.
“We've had only good news from Ubisoft,'' Nathalie Pelras, a fund manager at Richelieu Finance in Paris, which oversees $6.3 billion, told Bloomberg.
“It has blockbusters that are doing well and that justifies the premium'' of the stock price.”
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