Electronic Arts (ERTS-NASDAQ) reported non-GAAP EPS of $0.06 on $613 million in revenues versus estimates of $0.02 & $587M.   The company gave guidance of non-GAAP EPS -$0.34 to -$0.40 and $350 to $400 million in non-GAAP revenues next quarter versus estimates of  -$0.08 and $467M.  It guided 2008 (Fiscal March 2008 end) at $0.90 to $1.20 and revenues of $3.1 to $3.4 Billion versus $0.73 and $3.07 Billion estimates.

Shares are down 1.5% in after-hours trading at $52.13 after closing up 3% at $52.94 on the day.  The next quarter is a tru throw away quarter for video games anyhow, but the guidance ahead means you have to trust that sales will do this well during the quarters that the Halo 3 release and the new Grand Theft Auto release will suck up much of the available video game spending.

Jon C. Ogg
May 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.