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
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.