Wednesday, July 27, 2011

Electronic Arts, double earnings

The American publisher of video games Electronic Arts (EA) released Tuesday that net income more than doubled in the first quarter of fiscal year 2011/2012 shifted, exceeding analysts' expectations, and a turnover up 26%. The earnings were $ 221 million against 96 million during the same period a year ago.

Per share, this amounts to 66 cents. But taking into account that certain revenues are deferred from the purchase and activation of a game, adjusted earnings per share is equivalent to a loss of 37 cents, less marked than analysts had anticipated (loss current 40 cents). The turnover reached 999 million on its side against $ 815 million a year earlier, well above forecasts of Wall Street (509 million).

"We still made a strong quarter, driven both by streaming products as packaged," commented CEO John Riccitiello said in a statement. The largest increase came from sales of games for mobile phones, up 75% year on year. To capitalize on the popularity of the media the latest, the group announced July 12 that it would buy rival PopCap Games, a specialist games on mobile devices and social networks, in an amount ranging from 750 million to $ 1.3 billion.

The company said it had sold over two million copies of his new game Portal 2 during the period under review, indicating that pre-orders for Battlefield 3 "ahead extremely well." For the quarter ended September 30, the company revises its estimates of loss per share excluding exceptional items 3 to 13 cents, against a previous estimate of a loss between 5 and 15 cents.

It provides, however, always a turnover of 675 to 725 million dollars.

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