Help EA

R.O.A · Post by **R.O.A** » 2005-07-27 04:02pm

From Actiontrip.com

For 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."

Oh poor EA what ever are they going to do now there sales droped to ONLY $$$365 million i feel so bad for them

Brother-Captain Gaius · Post by **Brother-Captain Gaius** » 2005-07-27 04:11pm

Quote and provide a source for the article.

Anyways, maybe if EA stopped sucking balls for three seconds I might care.

Post by **Mr Bean** » 2005-07-27 04:18pm

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.

phongn · Post by **phongn** » 2005-07-27 04:19pm

Brother-Captain Gaius wrote:Quote and provide a source for the article.

Go here and download form 8-K for 07/26/05. The information is legitimate.

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

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.