Eidos Stock Plummets 25% in Early Hours Friday


Following disappointing sales of Tomb Raider: Underworld and lowered revenue forecasts, Eidos saw its stock take a 25% plunge after 750,000 shares were traded in the early hours of January 9th.

Despite generally favorable Metacritic scores of 70%-80% across all platforms, Eidos may find it hard to cover production expenses with revenue trickling in.

The latest Lara Croft installment, which is also available through Steam, has sold just 1.5 million units worldwide thus far, but given enough time it could see an upswing in net sales.

Some industry analysts have cited a saturated holiday market as the reason for weakened sales of generally strong franchises, as well as several new original IPs making their way to all major platforms.


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