OM:EMBRAC BEntertainment
Embracer Group (OM:EMBRAC B) Stock Recovery Push Meets Lingering 6.9b Loss
Embracer Group stock has quietly climbed in recent months, with a 3.8% gain over the past quarter and a closing price of SEK72.36 on 13 August. The story investors focused on this earnings season was very different. A company long associated with a potential earnings recovery just reported trailing twelve month results that still show a multi billion kronor loss from continuing operations, even as cash earnings turned positive in the latest quarter.
The headline is simple. Embracer Group is...