Share prices tumble in wake of financial results

The world’s leading game companies are reeling on the stock exchange in the wake of the recent spat of financial reports, with French publisher Ubisoft suffering particularly badly.

Following yesterday’s Q3 report, Ubisoft’s stock price has since dropped by 23.5 per cent on the Paris exchange, most likely as a result of the slight downgrading of its guidance.

Also suffering is Microsoft, which announced yesterday that it is to shed 5,000 jobs over the next 18 months. Its share price has since dropped 12 per cent in the US. Elsewhere, Sony has seen its share price decline by 6.78 per cent in a bad day in the Tokyo markets.

Despite more job losses at EA, however, the US publisher’s share price has remained stable ahead of its financial report early next month.