EA’s third quarter expected to toe line, figures tomorrow

By Patrick Garratt, Wednesday, 30 January 2008 17:39 GMT

Analysts are expecting EA to come close to guidance for its third quarter when the company announces figures tomorrow, showing around 90 cents profit per share, slightly down from the 95 cents the company upgraded to from 75 cents in November. Sales of $1.74 billion are expected.

Caution, however, is advised.

“The current market environment can be particularly violent on high multiple stocks performing ‘only’ in-line with expectations and any conservative tone from management on future performance can be particularly damaging,” said Janco analyst Mike Hickey in a note to investors.

More here.

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