Saturday, October 27, 2012

Electronic Arts FY Q4 Tops Ests; Affirms FY 2011 Guidance

Electronic Arts (ERTS) this afternoon posted non-GAAP revenue for its fiscal fourth quarter ended March 31 of $850 million, ahead of the Street at $835.4 million, and at the top of the company’s guidance range of $800 million to $850 million. Non-GAAP EPS of 7 cents a share was two cents better than the Street consensus, and ahead of the guidance range of 2-6 cents.

For the June quarter, the company affirmed previous guidance for non-GAAP revenue of $460 million to $500 million and a non-GAAP loss of 35-40 cents.

For the March 2011 fiscal year, the company continues to see non-GAAP revenue of $3.65 billion to $3.90 billion and a non-GAAP profit of 50-70 cents a share.

In late trading, ERTS is down 95 cents, or 5.1%, to $17.85.

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