Jan 17 Video games maker Electronic Arts Inc's
shares rose as much as 12 percent after a report said
three of its games were among the top 10 sellers in the United
States last month, raising the company's growth prospects for
'Battlefield 4' was the second-highest selling game in the
United States in December, while 'Madden 14' and 'FIFA 14' were
fourth and ninth, according to market research firm NPD.
"Given solid December sell-through, we think EA may actually
have a chance of posting a decent beat vs. guidance and
consensus," Cowen and Co analyst Doug Creutz wrote in a note.
The brokerage said it was "very positive" about Electronic
Arts' prospects for 2014, given strong pre-orders for the
company's 'Titanfall' game, to be launched in about two months.
Activision Blizzard Inc's 'Call of Duty: Ghosts'
was the top selling game last month.
Electronic Arts is scheduled to report its results for the
third quarter on Jan. 28.
Analysts are expecting the company to report a profit of
$1.24 per share on revenue of $1.66 billion, according to
Thomson Reuters I/B/E/S.
Electronic Arts raised its adjusted earnings forecast for
the year ending March 2014 to $1.25 per share from $1.20 per
share in October.
Analysts are expecting a full-year profit of $1.28 per share
on revenue of $4.02 billion.
Electronic Arts' shares were up 12 percent at $24.11 on
Friday afternoon on the Nasdaq.
(Reporting by Soham Chatterjee in Bangalore; Editing by Kirti