EA’s shareholders have shown confidence in the publisher following yesterday’s earnings release.
Gamespot reports shares initially rose 16% on their closing price of the day before, and were later trading at 20% above that price.
EA’s share price is now the highest it’s been since the halycon days of 2008, continuing a general upward trend in calendar 2014.
Although EA’s sales and revenue were down both quarterly and for the year as a whole, it out-performed guidance and announced a $750 million share buyback scheme. Investors seem to have responded positively.
During its conference call briefing with investors post-release, EA listed its upcoming release slate and said it has six games to show at E3 2014, including Star Wars: Battlefront. It also announced a mystery Frostbite Engine-powered title to fill the gap left by Medal of Honor’s retirement from the shooter crunch in October and November.
The publisher also confirmed NPD sales figures of Titanfall – the PC and Xbox One versions has sold 925,000 copies, and that’s in the US, at retail, alone. EA has renewed its publishing agreement with Respawn Entertainment.