Newsflash Signup

Buy now at Zavvi.com
Alliance Numerique

SHAREWATCH: Ubisoft stock jumps 6%

Bookmark with Social network
SHAREWATCH: Ubisoft stock jumps 6%

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.”

Advertisement

Leave a Comment

Alliance Numerique
MCV

ABOUT US

MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets

Intent media, Company number 03641099