sign in • sign up
web | myLot | discussions | tasks | blogs | news | photos
homeinterestsdiscussionstasksblogsnewsmessages friendsphotosearningsmyLotquizzes

sponsors
video game art archive
Backup Your Games and Profiles with My Book Drives from Western Digital
WDC.com/MyBook

Rachel Valentino, Adams Morgan Real Estate Expert
Rachel Valentino, Professional Washington, DC real estate agent….
www.rachelvalentino.com

Insurance Captive Solutions
The Taft Companies, an Insurance Captive and consulting group, provides captive management in Bermuda, Washington DC, South Carolina and Montana.
www.taftcos.com

Earnings Preview: Electronic Arts email this discussion to a friend?


 
2 months ago

NEW YORK (AP) - Video game publisher Electronic Arts Inc. reports earnings for its fiscal second quarter, which ended in September, on Monday after the market closes. The following is a summary of key developments and analyst opinion related to the period.


OVERVIEW: The video game industry has had a tough time for much of this year after capping 2008 with record sales. The recession has forced customers to cut back on spending, and the lack of big hit titles relative to last year has made year-over-year comparisons difficult.


Electronic Arts, however, could beat Wall Street's expectations for the quarter, according to some analysts, driven by sales of games such as "The Beatles: Rock Band" and "Madden NFL 10."


BY THE NUMBERS: Analysts, on average, are expecting a profit of 7 cents per share on sales of $1.12 billion, according to a poll by Thomson Reuters.


EA does not give quarterly guidance.


ANALYST TAKE: "Recent industry weakness will likely cause the company to lower its full-year industry growth expectations to negative 'mid single digits,' from 'flat' previously," wrote Wedbush Morgan analyst Michael Pachter in a note to investors. "In addition, we believe the company may take a more proactive role in additional cost cuts and may announce additional restructuring initiatives."


Pachter, who rates EA "Outperform," expects the company to report second-quarter's results "well above" average analyst estimates.


WHAT'S AHEAD: EA's fiscal third quarter, which closes the calendar year, is expected to bring in a big chunk of the company's 2009 profit and revenue, since the video game industry makes a great deal of its money during the holiday shopping season.


STOCK PERFORMANCE: Shares of the Redwood City, Calif.-based company fell 12 percent during the quarter to close at $19.05 at the end of September.



sponsors
Looking to Sell in DC? home staging company
Home Staging in Washington DC Area including Maryland and Virginia.
www.stagingdesigndc.com

600 Washington
Read reviews for this business with directions, offers and more
Newyork.Citysearch.com

Compare CD Rates
CDs, Savings, all US rates, Plus tips& articles from Bankrate.
www.bankrate.com/cds

 
sponsors
Marlowe& Company, LLC
Over 20 years of experience in Washington lobbying on behalf of local governments.
www.marloweco.com

Homes for Sale in Washington Local
Detailed descriptions of Homes for sale in the Washington Local and surrounding areas. This website offers all styles and price ranges.
www.toledohomesellers.com

See Washington DC in 1 Day
DC's Only Comprehensive Guided Sightseeing Tours. Live tour guides.
www.OnBoardDCTours.com

other high tech news

InterDigital chairman Campagna dies at 70

Wireless technology developer InterDigital Inc. said Tuesday its board would meet soon to review its composition after the death of its longtime chairman, Harry Campagna.

Started in high tech news • 10 hours ago • 0 responses
Broadcom settles securities class action lawsuit

Broadcom Corp. said Tuesday it will pay more than $160 million in cash to settle a class action investor lawsuit related to stock option backdating, but did not admit wrongdoing.

Started in high tech news • 11 hours ago • 0 responses
Tags: united states, broadcom backdating
Court backs Nebraska in rate dispute with Qwest

A federal appeals panel has upheld a ruling favoring the Nebraska Public Service Commission in a telecommunications rate dispute with Qwest Communications International Inc.

Started in high tech news • 16 hours ago • 0 responses
Nokia expands patent dispute beyond Apple iPhone

Nokia Corp. is broadening a legal dispute it already has with Apple Inc. over the iPhone, saying almost all of the company's other products also violate the Finnish phone maker's patents.

Started in high tech news • 12 hours ago • 0 responses
Tags: united states, tec nokia apple patent dispute
Hacker pleads guilty in Mass. to fraud case

A computer hacker who helped orchestrate the theft of tens of millions of credit and debit card numbers from major retailers in one of the largest such thefts in U.S. history pleaded guilty Tuesday...

Started in high tech news • 1 response • Last response by lampar (0) • 9 hours ago
Tags: united states, retail hacker, crime
return to mylot
We are loading a word from our sponsors. No thanks, cancel loading.