EA financials: Publisher drops quarterly guidance

By Patrick Garratt, Wednesday, 14 May 2008 07:03 GMT

According to this Kotaku report, EA said it will stop offering quarterly guidance from now on in a conference call that followed the release of full-year financials yesterday.

Execs said the decision was to stop stock slumps based on short-term problems, such as delays.

“The nature of our business is fairly variable quarter to quarter based on release schedules. We’ve a multi-year business plan for the first time,” said CFO Eric Brown. “We’re looking out three-plus years as opposed to three-plus quarters, and we think its appropriate… so that we’re making good decisions for the long term.”

More through the link. Read the rest of our EA financial report coverage here.

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