US Stock Market Move | Weak performance in the third fiscal quarter, Electronic Arts Inc. (EA.US) fell more than 17% before the market opened.

On Thursday, Electronic Arts Inc. (EA.US) fell more than 17% in premarket trading, to $117.59. On the news front, Electronic Arts Inc. announced its third-quarter performance ending on December 31, with revenue at $18.8 billion, below analysts' expectations of $25.07 billion. Earnings per share were $1.11, in line with analysts' expectations. Net bookings were around $22.15 billion, compared to the previous guidance of $24 billion to $25.5 billion. Electronic Arts Inc. lowered its full-year net bookings guidance, expecting it to be between $70 billion and $71.5 billion, below the previous guidance of $75 billion to $78 billion.