Electronic Arts Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance

Electronic Arts Inc announced that for fourth quarter of 2013, it expects GAAP net revenue to be approximately $1.115-$1.215 billion. Non-GAAP net revenue to be approximately $1.025-$1.125 billion. GAAP diluted earnings per share to be approximately $0.92-$1.12. Non-GAAP diluted earnings per share (EPS) to be approximately $0.57-$0.72. For fiscal 2013, it expects GAAP net revenue to be approximately $3.703-$3.803 billion. Non-GAAP net revenue to be approximately $3.778-$3.878 billion. GAAP diluted earnings per share to be approximately $0.18-$0.38. Non-GAAP diluted earnings per share to be approximately $0.86-$1.00. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.220 billion and EPS of $0.71 for fourth quarter of 2013; revenue of $4.071 billion and EPS of $1.01 for fiscal 2013.