EA’s Q3 financials beat forecasts

The results show net sales of USD1.281 billion (Euro 984m) for the period ending December 31st, up from the USD1.270 billion (Euro 976m) the company accrued a year previously.

Sales were driven by Need For Speed: Carbon, FIFA 07, The Sims 2 Pets and Madden NFL 07 – which sold over three million copies each.

Gross profit in the period was USD811 million (Euro 623m), up six per cent year-on-year, whilst net income stood at $160 million (Euro 122.9m) – down from USD259 million  (Euro 199m) from Q3 in 2005.

Operating income was also down, to USD215 million (Euro 165m) from USD347 million (Euro 266.5m) a year prior.

Sales were in line with EA’s previous guidance of USD1.2 – $1.3 billion for the quarter.

EA chairman and CEO Larry Probst said: “We are pleased with the performance of our products on next-generation consoles. In the year ahead, we plan to build on our leadership position on both the Xbox 360 and the PlayStation 3, and to significantly increase our support for the Nintendo platforms.”

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