Tuesday, July 29, 2008

Electronic Arts Misses on higher Expenses

It seems that EA had some trouble meeting the number this quarter.

Excluding charges, EA lost $135 million, or 42 cents a share, compared with a loss of $69 million, or 22 cents a share, a year ago.
Revenue rose 41% to $609 million from $431 million a year ago.
Analysts polled by Thomson Reuters were expecting a loss of 34 cents a share on revenue of $639.8 million.

I figured they would come up short and it looks like NCAA Football and Madden 09 have been sliding in the pre-sell numbers as well. I think you could chalk this up to gamers not going through the pre-sell channel as much as they did before. There hasn't been a shortage of a big game for a pretty long time so I think gamers are just waiting for the game to come out and then going to Best Buy or Gamestop and pick it up.

I had no trouble getting GTA4 at Wal-Mart on the day after launch day. San Andreas was really tough to get on the first day but it seems that the newer games do not have this problem.

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