Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Tuesday, May 11, 2010 at 3:19 AM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Ahead of the Bell: Electronic Arts to post results

Video game publisher is expected to post solid results for its fiscal fourth quarter Tuesday, with adjusted profit reversing a loss a year earlier.

The Associated Press

NEW YORK —

Video game publisher is expected to post solid results for its fiscal fourth quarter Tuesday, with adjusted profit reversing a loss a year earlier.

Analysts expect strong sales of "Battlefield: Bad Company 2" and "Mass Effect 2" to fuel the quarter's results. On average, analysts polled by Thomson Reuters are expecting a profit of 5 cents per share on revenue of $835.4 million.

In February, EA forecast adjusted earnings of 2 cents to 6 cents per share on revenue of $800 million to $850 million.

Wedbush Morgan analyst Michael Pachter recently raised his estimates for EA, for revenue of $860 million from $841 million and earnings of 8 cents per share from 7 cents. Pachter, who has an "Outperform" rating on EA, credited the increase to strong sales of "Battlefield."

The game sold more than 2.3 million units worldwide in March. On top of that, the Redwood City, Calif., company likely generated "meaningful contribution from its digital businesses during the quarter," the analyst said.

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising