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

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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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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