DALLAS, Feb. 3, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Electronic Arts Inc. (Nasdaq:ERTS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Electronic Arts Inc. (ERTS), an interactive entertainment software company, develops, publishes and distributes interactive software worldwide for video game systems, personal computers, wireless devices and the Internet. The Company markets its products under four brand names: EA SPORTS™, EA™, EA Mobile™ and POGO™. In fiscal 2010, ERTS posted GAAP net revenue of $3.7 billion and had 27 titles that sold more than 1 million units.
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In the report, the analyst notes:
"ERTS shares added $2.47, or 15.81%, to close Wednesday at $18.09, a day after it reported its fiscal third-quarter results. The Company posted a net loss of $322 million, or 97 cents a share, wider than the loss of $82 million, or 23 cents a share, in the comparable quarter last year. The result can be attributed to softer demand in North America and Asia, in which sales dropped 24% and 21%, respectively.
"For the fourth fiscal quarter ending March 31, 2011, the Company anticipates sales, excluding changes in deferred revenue, in the range of $850 million to $950 million, compared to analysts' estimates of $939.4 million."
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