Square Enix Stock Plummets After Disappointing Q3 2024 Earnings
Summary Square Enixstock plummeted over 10 points on Monday, November 11. The company hence lost the equivalent of hundreds of millions of dollars in market capitalization, with this turn of events likely being prompted bySquare Enixreporting some mixed financial results. Square Enix’s operating profit has been on a steady declinesince its 2022 peak. The Japanese gaming giant’s latest financial report suggested that this trend might have finally reversed, with the company reporting that it generated $136 million in profit over the six-month period ending September 2024, a 22% year-on-year increase....