Source: blogs.forbes.com --- Thursday, February 07, 2019
Gamers play Electronic Arts Inc.’s (EA) Battlefield V computer game at the GamesCom gaming industry event in Cologne, Germany, on Tuesday, Aug. 21, 2018. GamesCom is Germany’s largest congress revolving around digital games. (Photographer: Krisztian Bocsi/Bloomberg) photocredit: © 2018 Bloomberg Finance LP Electronic Arts (NASDAQ:EA) recently reported its Q3 fiscal 2019 results, which were below the street estimates. Net bookings were down in the high teens, due to lower than expected sales of Battlefield V, which will likely impact the company’s Q4 performance as well. Accordingly, the company lowered its full fiscal guidance, and the stock price dropped over 13% following the earnings release. Looking forward, the company’s full fiscal year 2019 earnings will likely decline in mid-single-digits, but should grow thereafter, led by the demand for live services, primarily FIFA and Madden Ultimate Team. We have created an interactive dashboard analysis ~ A Quick Snapshot of Electronic Arts’ Q3 Fiscal 2019 Performance And Trefis Estimates For The Full Fiscal Year . You can adjust various drivers to see the impact on the company’s overall earnings, and price estimate. Expect Net Bookings To Decline In High Single-Digits In Fiscal 2019 Electronic Arts’ overall revenues will likely decline in mid-single-digits, led by the Products segment, which has seen 25% decline in sales during the nine month period ending December 2018. This ca ...
from GamesCom http://bit.ly/2WNDi0B
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