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.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.