Electronic Arts Inc. EA, -8.57% said Thursday it is pushing back the release date for Battlefield V by four weeks to Nov. 20 and tweaking its guidance for net bookings to reflect the later release. The videogame company said the move will shift some of its net bookings into fiscal 2020 from fiscal 2019. Videogame companies use net bookings in lieu of net sales because it accounts for digital sales and in-store physical sales, among other things. The company is now expecting fiscal 2019 net bookings of $5.2 billion, down from prior guidance of $5.5 billion. About $115 million of that sum is driven by currency movements, which are also driving operating costs down. The company said it is backing its second-quarter operating guidance but is still evaluating the impact on fiscal year GAAP guidance. That information will be provided on the company's next earnings call slated for Oct. 30. Shares were halted for the news, but have gained 22% in 2018, while the S&P 500 SPX, -0.12% has gained 9%.
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