Scalper1 News
Video game publisher Electronic Arts (EA), which just released the pro golf game “Rory McIlroy PGA Tour,” might want to take a mulligan on its guidance. Late Thursday, the Redwood City, Calif.-based company reported June-quarter earnings that beat Wall Street estimates, but gave September-quarter and full-year guidance that lagged views. For its fiscal first quarter, which ended June 30, EA earned 15 cents a share, excluding items, on sales of $693 million. Analysts polled by Thomson Reuters expected 3 cents EPS and $652 million in revenue. For the current quarter, EA is targeting earnings of 40 cents a share minus items on sales of $1.075 billion. Wall Street had been modeling 67 cents and $1.12 billion. For the current fiscal 2016, EA is looking for earnings of $2.85 a share ex items on sales of $4.45 billion. Wall Street was targeting $2.87 cents and $4.48 billion. EA stock was down… Scalper1 News
Scalper1 News