The road to XBOX ONE. Follow the journey

Analysts pin EA sales at $631.9m

Analysts pin EA sales at $631.9m

A Thomson Reuters poll has revealed that analysts expect EA will later today post sales of some $631.9 million.

The surveyed group are also expecting a loss of 43 cents per share on those sales figures.

Wedbush Morgan analyst Michael Pachter, in a note to investors, was upbeat about EA’s financial situation.

He said that “while the company may not deliver significant revenue upside compared to consensus, we think that prospects for very strong June results will embolden management to deliver some upside in the March quarter.”

Pachter also said that EA is maintaining its steady return to profitability, and expects to hear the publisher announce further cost-cutting measures later today.

“We are encouraged by management's current plan, and we think that EA is only one or two quarters away from restoring investor confidence,” Pachter said.

Shares of EA have climbed high in recent days, closing last Friday at $20.48 and rising to $21:02 by the end of trading on Monday.

Source: Associated Press via Forbes.

Advertisement

Tags: wedbush morgan , fiscal , financial , financial results , michael pachter

Follow us on

  • RSS