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It wasn't exactly the best Christmas at EA, as sales were flat and profit fell, but the company still managed to beat expectations and is generally pleased with its investments in the next-gen consoles. EA also revealed an agreement to publisher Pandemic's Mercenaries 2.
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(Link to GameDaily.com)
It wasn't exactly the best Christmas at EA, as sales were flat and profit fell, but the company still managed to beat expectations and is generally pleased with its investments in the next-gen consoles. EA also revealed an agreement to publish Pandemic's Mercenaries 2. [Update: Spore coming to DS, and other tidbits]
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(Link to GameDaily.com)
For all the EA hate, it's probably the stock to own in the sector. It's up around 6% in pre-market based on bettering the analyst estimates.
Quote:
LONDON (MarketWatch) -- Deutsche Bank upgraded video-game publisher Electronic Arts (ERTS : Electronic Arts Inc
ERTS50.54, +0.54, +1.1%) to hold from sell, citing improving cost control, and high-margin online advertising and micro-transactions. The broker told clients that the two trends reduce the risk of margin erosion in the next cycle. Still, Deutsche Bank said its fundamental concerns on next-generation growth, lackluster product quality and rich valuation.