logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Electronic Arts (EA) Falls on Lower Sales Estimates

By  +Follow October 2, 2013 9:48AM
Share:
Tickers Mentioned:

Shares in video game maker Electronic Arts (EA) fell sharply Wednesday after analysts raised concerns about the company’s sales moving forward. Shares in Electronic Arts were off by almost 3 percent just a few days after the company announced that it would be discontinuing its NCAA game next year due to legal concerns.

Protracted Legal Battle Ends NCAA Games

Some of the most popular titles for Electronic Arts have always been their college sports themed games, but a recent lawsuit has thrown their continued existence into question. Many former student-athletes have sued over the use of their images without permission, leaving Electronic Arts potentially exposed.

“The ongoing legal issues combined with increased questions surrounding schools and conferences have left us in a difficult position,” Weber wrote. “One that challenges our ability to deliver an authentic sports experience, which is the very foundation of EA Sports games.”

News came on Sunday that Electronic Arts had agreed to settle with the former athletes for some $40 million.

Analyst Expects Lower Sales for EA

Wednesday’s decline, though, appears to be a reaction to analysis from Cowen & Co.’s Doug Creutz. Concern over depressed sales for Medal of Honor: Warfighter led Creutz to tell Games Industry "Since late July we have been cautious about EA's ability to reach management'shttp://images.intellitxt.com/ast/adTypes/icon1.png FY13 guidance due to our view that Medal of Honor: Warfighter appears likely to be a major disappointment. Based on our read of pre-release tracking data, we think the game might struggle to sell through 2 million units worldwide."

Lowered expectations for sales combined with legal trouble and the loss of one of its most popular titles helped push shares down on Wednesday, continuing a month-long stumble that’s starting to mar an otherwise successful year. The stock’s down over 3.5 percent since the start of September, but it had climbed almost 85 percent over the first eight months of the year.

 

 

[Image Courtesy of Wikimedia Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for ea
Trefis.com
28 Nov 14 06:06:48
Is Activision's World Of Warcraft Back In the Game? http://t.co/IyOSeuKRwl by Trefis Team $ATVI $EA $GME
Cristobal Barberis
28 Nov 14 05:45:11
Pre-Market S&P Movers: $LEN +1.04% $EA +0.41% $HP +0.36% $ISRG -3.16% $DE -2.35% $LM -2.12% #premarket $SPX $SPY $ES_F
Michael Grogan
28 Nov 14 03:32:17
$EA After beating profit estimates and forecasting $2.05 net income per share for 2015, I'm even more optimistic on Electronic Arts. #stocks
Janetta Gilliland
28 Nov 14 02:22:25
$PII Seeking the next stock like $BF $EA $AMZN Try this http://t.co/bitPIIaNXx
WeinsteinTST
27 Nov 14 23:54:51
$ZNGA Takeover Candidate http://t.co/Knv7T2VlXH @TheStreet $FB $EA $KING @robertweinstein
paul bratby
27 Nov 14 23:20:14
Another great example of one of my #Swingtrades this year, Full Trade Diary for this $EA trade here http://t.co/3dtiHEg5ip #stocks
Shelia Mccall
27 Nov 14 13:59:49
RT @SeaxSwag: New Song!!!!!! Listen And Click The Link $ea, The Great - Tommy Vercetti (Freestyle) (Prod. $ea, The Great) http://t.co/lppC…
$ea, The Great
27 Nov 14 13:48:19
New Song!!!!!! Listen And Click The Link $ea, The Great - Tommy Vercetti (Freestyle) (Prod. $ea, The Great) http://t.co/lppCdpARrq
Mark Trader
27 Nov 14 11:24:38
http://t.co/FOdvsRfk32 has 6 pro traders in their chat room. real-time trade alerts, and offer a 14-day trial. $ACAS $DE $CA $EA $BAS $DD
TV_Trading Ideas
27 Nov 14 10:06:06
EA $EA http://t.co/pKyt46UcWl
sam k.
27 Nov 14 08:10:29
@kradsuxx @landurz $ea$alt$am DYING HAHAHAHAH
Tae Kim
27 Nov 14 08:08:28
$EA Respawn Titanfall $5 on Origin PC store. A great deal. Seen it for $5 on consoles too at $MSFT store a number of times last few months
INFU
26 Nov 14 21:09:52
It's that time for Socan NLMP's ... I love this $ea$on
Trinidad Franco
26 Nov 14 20:09:10
Should you buy $CMCSA $EA $OII $CADX #singedinvestor http://t.co/xTXMKNovGI
sapo loco
26 Nov 14 18:24:01
We going eat them $ea hawk$ up $haooo!!!!! Puro 49er$ @ City of Española http://t.co/C9E64WLrN9
WeinsteinTST
26 Nov 14 17:54:55
$ZNGA Takeover Candidate http://t.co/Knv7T2VlXH @TheStreet $FB $EA $KING @robertweinstein
PZAPRiNCESS DEBBiE
26 Nov 14 17:37:35
ALL I $EA I$ DOLLR $IGN$
paul bratby
26 Nov 14 17:20:26
Another great example of one of my #Swingtrades this year, Full Trade Diary for this $EA trade here http://t.co/bdjq6HkJ2B #stocks
Shalanda Sage
26 Nov 14 17:14:21
Seeking the next hot #pennystock $DECK $EA $HSY $BLOX #equity http://t.co/Q5nohM2QpZ
Henrietta Major
26 Nov 14 16:01:17
Looking for more info on $EA $MPC $UAL $QLYS #investing http://t.co/i7P2qA1iBT
Mark Trader
26 Nov 14 16:01:05
http://t.co/FOdvsRfk32 has 6 pro traders in their chat room. real-time trade alerts, and offer a 14-day trial. $ACAS $DE $CA $EA $BAS $DD
Syble Bynum
26 Nov 14 15:53:52
Latest Earnings info on $SDRL $ACAS $EA $NUAN #moneymanagement http://t.co/P2G10zEwGM
Noemi Whited
26 Nov 14 15:53:51
#Stock Watchlist you should be looking at $EA $PCAR $BAC $CBM #moneymanagement http://t.co/LGP3yb26ea
Darin Nickerson
26 Nov 14 15:50:58
Are you looking for winners like $EA $CNCA $TMK $SLW #financial http://t.co/nbTD0m1aRY
Lyndsay Fitzsimmons
26 Nov 14 15:50:53
Todays Stocks you should be watching $EA $WAFD $NFLX $RAX #NSE http://t.co/ZNFZaaDmhK
SwingTradeBot
26 Nov 14 15:06:42
Scan results - Stochastic Sell Signal today: $ESRT $FOX $KLAC $SSI $DOOR $ALGN $THO $ACIW $EA $HTZ ... http://t.co/lK6pucXozD
Cami Clarke
26 Nov 14 14:02:54
Are you Bearish on these #stocks $EA $SYMC $NFG $FB Must see http://t.co/NVnwkDSuSu
NASDAQ
26 Nov 14 13:05:13
$EA - Statement of Changes in Beneficial Ownership (4) http://t.co/g72HburAal
john smith
26 Nov 14 13:05:10
$EA - Statement of Changes in Beneficial Ownership (4) http://t.co/cvPp8VQbsC
Insider Filings
26 Nov 14 13:04:27
$EA: LINZNER JOEL sold a net $1,112 in ELECTRONIC ARTS INC.. http://t.co/bGmrlWbEl6
Stellan Tharp
26 Nov 14 12:49:04
Find out the latest on $AN $RBC $EA $RAX Visit http://t.co/3rzr3mIo4v
Tyson Gerard
26 Nov 14 12:43:50
This weeks Stocks you should Watch $EA $CLGX $BRKR $GRPN #StockMarket http://t.co/PA8VjX6Yuv
$py-City
26 Nov 14 11:41:50
$@G $ea$on
Elvia Seiler
26 Nov 14 11:12:46
$SRCL Are you thinking of selling $FISV $EA $RT #newsletter http://t.co/98IRIEfWsz
Kael Harter
26 Nov 14 10:58:17
Are you thinking of selling $AMT $EA $MDR $BWP Worth a look http://t.co/YxXBkroGHm
leahanne
26 Nov 14 10:50:44
Volume Alert - EA 43.72 Electronic Arts Inc $EA Hit a high today of 43.97 Closing the day 10:30 at 43.72 -0.29 http://t.co/SvDR0TBIJT
leahanne
26 Nov 14 10:50:22
$EA Volume Alert - EA Stock 43.72 Electronic Arts Inc $EA Hit a high today of 43.97 Closing the day 10:30 at 43.72 http://t.co/OA2kQh1D8I
Jenee Maloney
26 Nov 14 10:45:08
Are you Bullish on these #stocks $CVD $EA $CI $CLF #singedinvestor http://t.co/BVFfISQb3P
Mauricio Deluca
26 Nov 14 10:33:17
Bad #Invesments like got you down $WU $EA $CAG $ABX #financial http://t.co/xr1LSVptrD
Nicky Stokes
26 Nov 14 10:17:10
$PII Wow. Great #Stock #Research on $CXW $EA $EPZM I suggest http://t.co/8QTLWufP8z
Ric
26 Nov 14 09:59:38
@Slate @Negation2010 Tis the $ea$on for spending money we don't have on crap we don't need to impress people we don't like. #BahHumbug
Randell Sotelo
26 Nov 14 09:59:07
Get #Pennystock Research on $EA $WYN $ROL $ISRG #Research http://t.co/YefRBMrUfz
Gita Hawkins
26 Nov 14 09:12:08
Are you thinking of selling $BF $EA $HSY $TRLA Click http://t.co/CtFcJVccAY
Azucena Lovett
26 Nov 14 09:07:34
$EA Todays movers to research $TMUS $DELL $OPK #singedinvestor http://t.co/KuRp9bLld6
Win Whitman
26 Nov 14 09:05:48
Is it breakout time on $CHK $EA $BLL $AMZN Must have http://t.co/0lYSjpGYEZ
Joella Vitale
26 Nov 14 09:04:40
5 Stocks you should be watching $SDRL $EAT $EA $AAPL Must have http://t.co/qQiCurmLBS
Sheba Li
26 Nov 14 08:42:25
$UDR Are you considering selling $DECK $EA $EPZM #overvalued http://t.co/DJDXl9xKIU
Shawn Hager
26 Nov 14 08:22:22
Find the next hot #pennystock $TTC $AKAM $EA $FB #wealthmanagement http://t.co/85oObb2RDQ
Keesha Mallory
26 Nov 14 08:22:17
This weeks Stocks you should Watch $LTD $EA $GME $RT Worth a look http://t.co/3CbMdTadn4
Janeth Linton
26 Nov 14 08:22:08
Get great research on stocks $RNR $EA $MYGN $DO #overvalued http://t.co/wmu1xHO6ec
				
				
By  +Follow October 2, 2013 9:48AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.