EA gambles on growth as full year projections dip below $3 billion

Vikingod · May 5, 2006, 02:29 AM

Read More / Source: GamesIndustry
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Leading publisher Electronic Arts has reported fourth quarter results ahead of expectations - but the news has been overshadowed by a significant drop in the company's projections for FY 2007.

Revenue guidance of $2.7 to $2.95 billion was announced by the company for the coming financial year, which is down significantly on analyst estimates which averaged over $3.1 billion, and means that the firm faces a second year of negative growth.

Full-year figures for 2006 show the company's revenues declining by six per cent, while the firm's new estimates mean that 2007 could see a decline of up to 8.5 per cent if the lower end of those figures is reached.

May 5, 2006, 02:29 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	EA gambles on growth as full year projections dip below $3 billion Read More / Source: GamesIndustry ___________ Leading publisher Electronic Arts has reported fourth quarter results ahead of expectations - but the news has been overshadowed by a significant drop in the company's projections for FY 2007. Revenue guidance of $2.7 to $2.95 billion was announced by the company for the coming financial year, which is down significantly on analyst estimates which averaged over $3.1 billion, and means that the firm faces a second year of negative growth. Full-year figures for 2006 show the company's revenues declining by six per cent, while the firm's new estimates mean that 2007 could see a decline of up to 8.5 per cent if the lower end of those figures is reached.