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Forums - Sales Discussion - EA cuts 2010 forecast

NJ5 on 11 January 2010

http://www.reuters.com/article/idCNN1116443420100111?rpc=44

EA still in deep shit:

SAN FRANCISCO, Jan 11 (Reuters) - Video game publisher Electronic Arts Inc (ERTS.O) slashed its fiscal 2010 outlook, citing weakness in Europe and shifting to lower margin products, and the company's shares fell 7 percent in after-hours trading.

EA forecast on Monday earnings excluding items for the year ending March 31 of 40 cents to 55 cents a share on non-GAAP revenue of $4.125 billion to $4.2 billion.

It previously forecast earnings of 70 cents to $1 a share on revenue of $4.2 billion to $4.4 billion.

For the quarter closed Dec. 31, EA expects earnings excluding items of 29 cents to 33 cents a share on non-GAAP revenue of $1.33 billion to $1.35 billion.

The shares of Redwood City, California-based EA closed at $18.27 on the Nasdaq and fell to $16.99 in extended trading. (Reporting by Gabriel Madway; editing by Andre Grenon)

 



My Mario Kart Wii friend code: 2707-1866-0957

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NJ5 on 11 January 2010

Official page:

http://investor.ea.com/releasedetail.cfm?ReleaseID=436876



My Mario Kart Wii friend code: 2707-1866-0957

libellule on 11 January 2010

fuck, I understand nothing to those numbers lol

also, do you think Activision will follow similar path ? worst ? better ?



Time to Work !

fwap on 11 January 2010

All these dying companies... they deserve nothing better.



kitler53 on 11 January 2010
fwap said:
All these dying companies... they deserve nothing better.

jerk

 

OT - can't say i understand any of these numbers specifically but EA put out some quality titles on all consoles so imo they deserve better.



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KillerMan on 11 January 2010

According to Vgchartz EA was the biggest publisher after Nintenso with almost 20milj software sold in december. Still it looks like they make some huge losses again. WTF seriously.



Naum on 11 January 2010

So what did they lose money on this time?



If it isn't turnbased it isn't worth playing   (mostly)

And shepherds we shall be,

For Thee, my Lord, for Thee. Power hath descended forth from Thy hand, That our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee And teeming with souls shall it ever be. In Nomine Patris, et Filii, et Spiritūs Sancti. -----The Boondock Saints

DaBuddahN on 11 January 2010

This is sad, seeing as how they are coming out with Battlefield Bad Company 2, a game a really look forward to. I hope they pull out of it.



NJ5 on 11 January 2010

They're starting a conference call now in case anyone's bored or wants to listen:

http://investor.ea.com/events.cfm

The top one.



My Mario Kart Wii friend code: 2707-1866-0957

Innervate on 11 January 2010
fwap said:
All these dying companies... they deserve nothing better.

I sadly must agree. With the crap they have tossed on the Wii, and the refusal to accept responsibility for their own actions, they deserve this.