But the weird part was its lack of details regarding Titanfall, the company's big exclusive game for Microsoft's Xbox One. The game was released back in March, a full two months before EA's earnings report, but the company gave no details about sales numbers besides a reference to an old NPD report. That report said Titanfall was the best-selling game in March with 925,000 units sold, but the fact that EA hasn't released updated numbers leaves investors scratching their heads. The lack of information about what was supposed to be the company's big new-console generation debut probably isn't a good thing, and investors need to be ready for EA to break some bad news.
Next up is Activision Blizzard (ATVI), which had a very good-looking first quarter, especially in its digital segment. The company beat estimates on both EPS and revenue thanks in large part to impressive digital sales, which accounted for 68% of its $772 million in non-GAAP revenue. On top of that, Activision upped its full-year guidance, which seems warranted -- if it's already doing this well this early in the year, just imagine how it'll do once it has released its big new game Destiny. Investors should definitely be pro-Activision.
Last but certainly not least is Take-Two (TTWO 0.73%), which, shocking nobody, had a strong fiscal 2014 thanks to Grand Theft Auto 5. But without a Grand Theft Auto 6 on the way, Take-Two won't experience the same sort of growth anytime soon. Analysts knew that going into the company's earnings report on Wednesday and, to be fair, were pleasantly surprised by better-than-expected sales that beat estimates by about $30 million and earnings that beat estimates by $0.11 in Take-Two's fourth quarter. But without a clear path ahead and not much perceived strength in the company's pipeline, investors may want to be careful about diving too deeply into Take-Two at this point.
