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 [email protected]; he does not own securities in any of the companies he covers.
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