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EA To Announce Loss Of $111 Million For Last Quarter?

Yodapollo
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Posted July 28, 2008 - By Yodapollo

EA is expected to announce losses for the quarter ending June 30th in the area of $111 million, according to Forbes.com. While a loss for this quarter is no strange thing for videogame companies (the vast majority of the revenue coming in at holiday season), one thing appears different about this quarter's announcement.

For the first time in company history, EA has not offered quarterly guidance to its investors. EA promises to continue to provide annual guidance to investors but quarterly guidance will no longer be offered. Some analysts have specualted that this is due to the release of several new IPs from EA, including Dead Space, Mirror's Edge, and Spore and that EA can't be certain about meeting release dates for the titles or their success on store shelves.

Forbes.com: EA Faces A Bumpy Ride

Tags: Videogames
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