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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R.O.A
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From Actiontrip.com
Last edited by R.O.A on 2005-07-27 04:14pm, edited 1 time in total.
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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.
Agitated asshole | (Ex)40K Nut | Metalhead
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
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
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.
"A cult is a religion with no political power." -Tom Wolfe
Pardon me for sounding like a dick, but I'm playing the tiniest violin in the world right now-Dalton
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