Electronic Arts expects 2009 profit, sales to grow
Video game publisher Electronic Arts says it expects fiscal 2009 profit and sales to grow sharply, fueled by upcoming games such as "Spore," "Mirror's Edge" and "Dead Space."
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Redwood City, Calif.-based Electronic Arts Inc. said Tuesday it expects a profit of 21 cents to 48 cents per share for the fiscal year ending in March 2009. The company says adjusted earnings are expected to range between $1.30 and $1.70 per share. Analysts, on average, are predicting a profit of $1.59 a share, according to a Thomson Financial poll.
Excluding the recognition of deferred revenue for certain online games, the company expects fiscal 2009 sales of $5 billion to $5.3 billion. Analysts' estimates had been right in the middle of that range, at $5.15 billion.
One of EA's newest studios is in Morrisville, N.C., where designers recently completed a version of a NASCAR-themed video game.
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