Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday January 28, 2014

Electronic Arts Reports Q3 FY14 Financial Results

EA seems pretty upbeat even though the company posted a loss of $308 million this quarter. Yikes.

"In a transitional quarter, EA delivered EPS results above our guidance driven by strong sales of our next-generation console titles, continued growth in our digital games and services, and financial discipline across the business," said Chief Financial Officer Blake Jorgensen. "For our full year outlook, we are lowering our non-GAAP net revenue guidance to $3.91 billion due to the weakness in current generation software, but we are increasing our non-GAAP EPS guidance to $1.30 due to the improvement in our operating profits."