Video games group Ubisoft's shares slump as results miss forecasts


PARIS, May 16 (Reuters) - Ubisoft's shares slumped on Thursday, after the fourth quarter results of the French video games group missed market forecasts.

Ubisoft shares, which have hit record highs in the last year, were down by around 12% in early session trading, reducing much of the gains previously made by the stock in 2019.

Ubisoft reported late on Wednesday fourth-quarter net bookings of 676.7 million euros ($758.3 million), below the company's expectations of approximately 698 million euros.

($1 = 0.8924 euros)

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