Wed, Oct 29, 2008 | 19:15 GMT
EA expected top post loss for second quarter
EA will post a loss for its second quarter, analysts expect, despite strong revenues from titles suchg as Spore and Warhammer Online.
Analysts, on average, are expecting a loss of 6 cents per share on sales of $1.08 billion, according to a poll by Thomson Reuters.
“With the stock hovering near a six-year low, it is unclear whether management will choose to continue its recent history of disappointment (including its abandoned purchase of Take-Two) by lowering guidance below our expected range,” said Wedbush Morgan’s Michael Pachter.
Final results will be issues tomorrow.
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Posted in: EA, Financials, Hot, Trade
Tags: ea q2 financials 09, michael pachter
1 comment
#1
jigglybean
29/10/08, 8:46 pm
EA havent made a profit now for a long time. Maybe they are not as powerful any more?