SHAREWATCH: Eidos stock plunges 27.5%

Publish date:

Shares in Eidos PLC have tumbled 27.5 per cent on news that it has slashed its revenue forecasts for the year.

The news will be sure to have piqued the interest of potential suitors for the firm – thought to be led by Warner Bros, which already owns a 20 per cent stake in the company.

Eidos said this morning that it had sold 1.5 million copies of Tomb Raider: Underworld in the US over Christmas – well below its forecasts.

Eidos shares were trading at 12.5 pence this morning, having dropped by around 80 per cent over the past 12 months.