EA shares slipped 9.5 percent in after-hours trading to $13.70 as the company said it expected losses of 40 to 45 cents a share for the next quarter. It said it expects to make $4.3 billion for the year and will earn $1.05 to 1.20, on a non-GAAP basis. Another piece of data that might have dragged down performance were subscriber numbers for Star Wars: The Old Republic, the title that was going to going to help it take market share away from World of Warcraft. EA said it had 1.3 million active subscribers, compared to the 1.7 million subscriber figure that the company had shared before On the positive side, EA beat earnings estimates for the quarter ending in March with $977 million in total net revenue on a non-GAAP basis. Analysts had expected net�revenue of $959.6 million or 17 cents a share.�One other positive is that digital revenue continues to creep up as a share of EA's overall earnings as the company transitions away from selling games like packaged, consumer goods.�Digital revenue was nearly double was it was a year ago at $419 million.
Tuesday, 8 May 2012
EA Shares Slip 5% In After-Hours As The Company Forecasts Losses For The Quarter
EA shares slipped 9.5 percent in after-hours trading to $13.70 as the company said it expected losses of 40 to 45 cents a share for the next quarter. It said it expects to make $4.3 billion for the year and will earn $1.05 to 1.20, on a non-GAAP basis. Another piece of data that might have dragged down performance were subscriber numbers for Star Wars: The Old Republic, the title that was going to going to help it take market share away from World of Warcraft. EA said it had 1.3 million active subscribers, compared to the 1.7 million subscriber figure that the company had shared before On the positive side, EA beat earnings estimates for the quarter ending in March with $977 million in total net revenue on a non-GAAP basis. Analysts had expected net�revenue of $959.6 million or 17 cents a share.�One other positive is that digital revenue continues to creep up as a share of EA's overall earnings as the company transitions away from selling games like packaged, consumer goods.�Digital revenue was nearly double was it was a year ago at $419 million.
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