Ubisoft Entertainment
UBI: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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Ubisoft Earnings: Reason for the Delay Appears Unproblematic; Sales Shone; Low Stock Price Is Silly
Ubisoft's one-week delay in releasing earnings was due to a sales restatement, necessitated by an accounting reclassification, that led to noncompliance with a debt covenant. The issue seems to be harmlessly resolved; the Tencent investment closed, and fiscal second-quarter sales were excellent.
