Electronic Arts (NASDAQ: ERTS) posted a net loss of $94 million or -$0.30 EPS, but on a non-GAAP basis from operations the company showed $0.09 EPS on a "excluding a benefit basis of $919 million. Analysts were looking for $0.00 EPS and $834.8 million in revenues.
The company gave net non-GAAP earnings guidance for the year of $1.30 to $1.70 EPS, while First Call has estimates at $1.73 EPS. Its revenue targets are $5.0 to $5.3 Billion, while First Call has estimates at $4.9 Billion.
As a result of guidance including many factors such as mentioning the Take-Two Interactive Software, Inc. (NASDAQ: TTWO).
Evaluating this one is a case by case scenario because of all the extra items that add to and take away from numbers in this transition period for this time.
EA shares closed up 0.5% in normal trading and shares are up almost 2% at $55.67 in after-hours trading.
Jon C. Ogg
May 12, 2008