Oh poor EA what ever are they going to do now there sales droped to ONLY $$$365 million i feel so bad for themFor the three months ended June 30, Electronic Arts lost $58 million down from a profit of $24 million a year ago. Excluding charges such as amortization, employee stock-based compensation and restructuring, the Redwood City, Calif.-based company lost $55 million compared to net income of $25 million for the year-ago quarter.
Revenue fell to $365 million, down from $432 million in the prior year. For the year, the company expects to earn $1.45 to $1.60 a share, below Wall Street's forecast of $1.63. Electronic Arts also lowered its revenue expectations for the year to between $3.3 billion and $3.4 billion. Analysts had expected the company to see sales of about $3.41 billion.
Much of why the company lowered expectations was blamed on the delay of the company's "Godfather" game, which is expected to be a top seller, analysts say. Two weeks ago, Electronic Arts said it would begin shipping "The Godfather" in the fourth quarter instead of the third."
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Last edited by R.O.A on 2005-07-27 04:14pm, edited 1 time in total.
- Brother-Captain Gaius
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Quote and provide a source for the article.
Anyways, maybe if EA stopped sucking balls for three seconds I might care.
Anyways, maybe if EA stopped sucking balls for three seconds I might care.
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"'He or she' is an agenderphobic microaggression, Sharon. You are a bigot." ― Randy Marsh
The vision never dies; life's a never-ending wheel
1337 posts as of 16:34 GMT-7 June 2nd, 2003
"'He or she' is an agenderphobic microaggression, Sharon. You are a bigot." ― Randy Marsh
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Prehaps they will be bought in mass by Microsoft(One HELLVA coup if they do) meaning that the Xbox would suddenly gain exlusive(If they so chose) rights to every sport/racing game on the market along with a ton of prime games that are distrubuted by the market.
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Go here and download form 8-K for 07/26/05. The information is legitimate.Brother-Captain Gaius wrote:Quote and provide a source for the article.
You do understand the importance of net profit instead of gross revenue, right? A loss of $58 million for the quarter is not something a company wants, especially as for the same quarter last year they made a profit. Not that I like EA or anything, but revenue of $365 million doesn't meant that much if they lose money.R.O.A wrote:Oh poor EA what ever are they going to do now there sales droped to ONLY $$$365 million i feel so bad for them