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July 28th, 2008 @ 11:29
Trouble at t’mill. According to this Forbes piece, EA’s expected to post a Q2 loss of $111 million tomorrow.
The three months ending June 30 will relate as a 33 cents per share drop, compared with a loss of $132 million, or 42 cents per share, for the year-ago period, according to the average estimates of analysts polled by Thomson Financial.
Revenues for the quarter are expected to jump 60 percent to $633.9 million from $431 million a year ago.
More through the link.
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July 28th, 2008 at 11:30 am
Poor performance, or over-spending again?
July 28th, 2008 at 11:35 am
That piece puts it down to the summer slump. Not as bad as last year, at least.
July 28th, 2008 at 11:44 am
bet they blame take 2
July 28th, 2008 at 12:14 pm
Not really surprised, there’s been little to shore up the coffers in the 2nd quarter. Should pick up nicely in Q3 and Q4 I would’ve thought, I mean call EA all the names under the sun but they’ve got some bloody interesting stuff coming out within the next few months (Mercs 2, Spore, Mirror’s Edge etc etc)
July 28th, 2008 at 12:52 pm
Madden ‘09 and Spore launch soon.
I doubt EA are worried.
July 28th, 2008 at 12:53 pm
Yep. And that Q4 looks bonkers good, really. I reckon an annual slow bit sounds about right.