Newly restructured game king Electronic Arts (NASDAQ:ERTS) reported its Q1 earnings on Aug. 1.
- Adjusted net loss per share clocked in at $0.22, up from a net loss per share of $0.12 the previous year. Still, EA beat analysts' predictions that the company would lose $0.34 per share. The company must have been pleased by this showing, since it increased its guidance for the fiscal year.
- North American and Asian sales declined by at least 20% each. However, Europeans not only purchased 21% more games year over year, but also beat North Americans in total sales.
- Electronic Arts has 10 new games in its pipeline, including the highly anticipated Rock Band, which will compete with Activision's (NASDAQ:ATVI) Guitar Hero.
- During the quarter, Electronic Arts continued its expansion by acquiring stakes in two online game companies: The9 (NASDAQ:NCTY) in China and Neowiz in South Korea.
(Figures in millions, except per-share and CAPS data)
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Revenue |
$395 |
$413 |
(4.4%) |
|
Net Income |
($132) |
($81) |
N/A |
|
EPS |
($0.42) |
($0.26) |
N/A |
|
CAPS Score (out of 5) |
Outperform |
Underperform | |
|---|---|---|---|
|
*** |
1039 |
108 |
Dig deeper with further Foolishness:
- Fool on the Street: EA's 5 Keys to Growth
- Fool on Call: Electronic Arts' Dominating Dynasty
- The Motley Fool's Electronic Arts Discussion Board
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Fast Fool Facts are designed to give you informative earnings highlights in a timely fashion. Check back at Fool.com for a more in-depth discussion of this company and others.
Foolish research associate Katrina Chan does not own shares in any of the companies mentioned. The Motley Fool has a disclosure policy worth reading.
