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EA shares rise to six year high following Q4 earnings release

Wednesday, 7th May 2014 23:26 GMT By Brenna Hillier

EA’s shareholders have shown confidence in the publisher following yesterday’s earnings release.

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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.

EA’s E3 presentation will be livestreamed.

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