Electronic Arts: Q3 Earnings
Game publisher Electronic Arts (EA) (NASDAQ: ERTS), reported Q3 earnings of $160m, down 38% do to a lack of holiday hits. Excluding costs of stock options and other items, the adjusted amoung was $201 (63 cents a share) beating analyst consensus estimates of 57 cents.
Revenue for the quarter was slightly up at $1.28b. The company was partly hurt by production shortages and there impact on sales of Sony’s PS3 Platform on which EA had invested heavily. EA was also not well positioned for the launch of Nintendo’s rival Wii platform.
During the quarter, EA did acquire Headgate Studios, a company that had focused on the Nintendo Wii. That may improve performance toward the tail end of this fiscal year.
More detailed press coverage of EA’s finances can be found at:
