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Electronic Arts Inc Reaffirms FY 2014 Guidance; Issues Q2 2014 Guidance Below Analysts' Estimates


Tuesday, 23 Jul 2013 04:05pm EDT 

Electronic Arts Inc announced that it is reaffirming its fiscal 2014 guidance. For fiscal 2014, the Company expects GAAP net revenue to be approximately $3.50 billion, Non-GAAP net revenue to be approximately $4.00 billion, GAAP diluted loss per share to be approximately ($0.98) and Non-GAAP diluted earnings per share (EPS) to be approximately $1.20. For the second quarter of 2014, the Company expects GAAP net revenue to be approximately $625 million, Non-GAAP net revenue to be approximately $975 million, GAAP diluted loss per share to be approximately ($1.22) and Non-GAAP diluted earnings per share to be approximately $0.12. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.00 billion and EPS of $1.20 for fiscal 2014; and revenue of $976 million and EPS of $0.15 for the second quarter of 2014. 

Company Quote

35.97
0.12 +0.33%
11 Jul 2014