Pachter: Ubisoft Still Undervalued Following F07 Earnings

Vikingod · May 30, 2007, 03:16 AM

:Source: Gamasutra
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Following Ubisoft's earning report for fiscal 2007, Michael Pachter has raised fiscal 2008 sales guidance above company expectations from €800 million to €825 million ($1.08b to $1.11b) and maintained that the publisher is still "seriously undervalued."

Following its sales report published earlier in April, Ubisoft has posted fiscal 2007 profits of €40.5 million ($54.6 million), versus €11.9 million ($16 million) one year earlier.

In examining the results, Pachter said the company had a "stellar period of earnings growth" following its earlier reported strong sales, due to gains from an equity swap and lower interest expense, which saw "total other pre-tax financial income" of €21 million versus Webush's estimated €6 million.

May 30, 2007, 03:16 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,187 Rep Power: 109 System Specs	Pachter: Ubisoft Still Undervalued Following F07 Earnings :Source: Gamasutra __________ Following Ubisoft's earning report for fiscal 2007, Michael Pachter has raised fiscal 2008 sales guidance above company expectations from €800 million to €825 million ($1.08b to $1.11b) and maintained that the publisher is still "seriously undervalued." Following its sales report published earlier in April, Ubisoft has posted fiscal 2007 profits of €40.5 million ($54.6 million), versus €11.9 million ($16 million) one year earlier. In examining the results, Pachter said the company had a "stellar period of earnings growth" following its earlier reported strong sales, due to gains from an equity swap and lower interest expense, which saw "total other pre-tax financial income" of €21 million versus Webush's estimated €6 million. __________________ *How You Can Help DriverHeaven By Using Digg*