Ubisoft reports 950,000 copies of Red Steel sold, stock skyrockets

Ubisoft Entertainment announced its earnings for its fiscal Q4 yesterday. In the report, Ubisoft said the company has sold 950,000 copies of Red Steel globally. This resulted in Red Steel (Wii) exploding 100.21% to 95.82 DKP (forecasts 958,200 copies sold globally) as the stock was previously only forecasting 478,600 copies. This news surprised the market as previous indications had only shown the game selling around 300,000 copies. Some traders speculated that Ubisoft was actually reporting the number of copies shipped to retailers and not those sold to customers. Red Steel’s stock rose as high as 103.08 DKP but is now down 6.66% today to 89.44 DKP.