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Electronic Arts, Inc (ERTS)
"Electronic Arts has missed the current hardware...
"Electronic Arts has missed the current hardware...
GamesIndustry - May 26, 2009
Submitted by dryden (283) at 6:17PM PST on May 26, 2009
EA has "missed the current hardware cycle" and is unlikely to return to historical operating income margin levels "anytime soon", according to a new report by analysts at Cowen Research.
In an occasionally damning critique of EA's plans and guidance the report states that: "We believe that following serial earnings disappointments, Electronic Arts now deserves a lower valuation premium than the company has historically enjoyed."
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