EA Posts Pretty Decent Numbers

It seems that Electronic Arts posted some down numbers due to an accounting change to sales of online-enabled games but things are looking great for Christmas.

Adjusted earnings, excluding the change in revenue recognition and
other items, were $87 million, or 27 cents per share, up from $65 million, or 21
cents per share a year earlier. On that basis, EA beat Wall Street's earnings
expectations. Analysts, on average, were expecting a profit of 20 cents per
share, according to a poll by Thomson Financial.

They also say that game sales in North America and Europe for 2007 will grow 15 percent to 20 percent. That seems pretty reasonable and would seem to be recession proof since video games seem to be bought in all markets no matter what. They are also saying they are holding market share and also closing some facilities, including one in Chertsey, England wherever that is.

It is good for the stock after hours since it is up 5%. Finally, it seems the options players were straddling the stock as well unsure of where numbers will fall. It should be interesing to see the conviction tomorrow morning on this stock.