Electronic Arts, Inc. Issues Q2 2013 Guidance; EPS Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance

Electronic Arts, Inc. announced that for second quarter of 2013, it expects GAAP net revenue to be approximately $650 to $700 million. Non-GAAP net revenue to be approximately $1.05 to $1.10 billion. GAAP diluted loss or earnings per share is expected to be approximately ($1.43) to ($1.36). Non-GAAP diluted earnings per share (EPS) is expected to be approximately $0.07 to $0.12. For fiscal 2013, it expects GAAP net revenue to be approximately $3.90 to $4.05 billion. Non-GAAP net revenue is expected to be approximately $4.10 to $4.25 billion. GAAP basic loss and diluted earnings per share is expected to be approximately ($0.17) to $0.05. Non-GAAP diluted earnings per share is expected to be approximately $1.05 to $1.20. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.07 billion and EPS of $0.14 for second quarter of 2013; revenue of $4.26 billion and EPS of $1.06 for fiscal 2013.