Electronic Arts, Inc (ERTS)EA Lowers Fiscal Year Expectations After Weak Quarter
Gamasutra - January 11, 2009
Submitted by mrahaju (9)
at 6:28AM PST on January 12, 2010
A weak European market and a holiday quarter that didn't meet expectations have led major game publisher Electronic Arts (The Sims, Need For Speed) to lower its financial forecast for the fiscal year ending March 31. And while EA has not yet officially released financial data for its third quarter, which ended December 31, it expects those figures to come in between $1.227 billion and $1.247 billion. Analysts had previously pegged that figure to be considerably higher at $1.42 billion.