EA expected to post US$ 111 million in losses
It looks like there’s more bad news from the company that can’t seem to acquire Take-Two. Electronic Arts is expected to report US$ 111 million in losses at 33 cents per share. This report is for the quarter which ended on June 30. Find out more after the jump!
According to a Forbes report, Electronic Arts is expected to report US$ 111 million in losses at 33 cents per share. This report is for the quarter which ended on June 30.
This loss count doesn’t appear to be due to company performance, as they’re also expected to post revenues of US$ 633.9 million. Instead, investor expectations look to be the cause, as this is the first quarter in which EA hasn’t offered quarterly guidance.
Analysts also noted a couple of additional things that have caused the subsequent analysis of EA’s earnings esitmates to end up being all over the map, with estimates ranging from a loss of 10 cents a share to a loss of 46 cents a share. These happen to be the announcement of new IPs (Spore, Mirror’s Edge, etc.) and whether or not these said new IPs will get out on time or sell well.
In any event, we’ll find out this coming Tuesday what the actual results will be for the company. Stay tuned to QJ for updates on Electronic Arts.
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Via Forbes