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Electronic Arts (EA) Falls on Lower Sales Estimates

By  +Follow October 2, 2013 9:48AM
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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]

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Results for ea
iStock Market
2 Sep 15 06:49:15
RT @StockBoardAsset: WINDOWS 5min $FB $NFLX $TSLA $AMZN $EA http://t.co/QV7M0HMTmA
StockBoardAsset
2 Sep 15 06:48:23
WINDOWS 5min $FB $NFLX $TSLA $AMZN $EA http://t.co/QV7M0HMTmA
DailyStockPicks
2 Sep 15 06:48:18
$ANFI huge bounce play like $ACI. 100%+ upside potential P/E of 3 $BIDU $UNP $SWKS $CHK $EA $RF investors read http://t.co/L1jwUV6Bag
IH News Desk
2 Sep 15 06:26:08
$AB Opinions Updated Wednesday, September 2, 2015 09:11:27 AM $GS $SMN $EA $DHI http://t.co/POjssSaoOT
StockBoardAsset
2 Sep 15 06:19:49
Look across board 5min windows are open $AMZN $AAPL $NFLX $FB $TSLA $EA http://t.co/iSfawiuVug
FusionIQ
2 Sep 15 05:52:22
#FusionIQ NEW Negative Timing Signal on $EA Today http://t.co/9ImlXz4YNa #Signals
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2 Sep 15 04:43:12
Here’s What Google Inc Android Needs To Do To Appeal Gamers - http://t.co/6gEtsJU85u $AAPL $GOOG $TTWO $EA http://t.co/7ufanLoIKB
Bidness Etc
2 Sep 15 04:22:29
Electronic Arts Inc. Announces Star Wars Battlefront Beta Launch Window - http://t.co/4K7xogQltX $EA $MSFT $SNE http://t.co/IfHIeoE0Ec
IH News Desk
2 Sep 15 03:23:08
$EA Recent News Updated Wednesday, September 2, 2015 06:11:26 AM $SPXS $XLE $EEM $OEF http://t.co/2Muh3a8EVd
PolgarStocks
2 Sep 15 03:19:04
$INTC Short Sales Updated Wednesday, September 2, 2015 06:07:26 AM $VLO $EA $NKE $ABT http://t.co/FONmlXJCsv
Rosner Stocks
2 Sep 15 03:18:39
$EWY Reviews Updated Wednesday, September 2, 2015 05:59:23 AM $TLT $GG $EA $LOW http://t.co/9Nb7UJZDQc
Capital Market Labs
2 Sep 15 02:00:40
$EA Very High Fundamental Rating http://t.co/ewPveFnJW6 http://t.co/DsQICjOYef
IH News Desk
2 Sep 15 00:20:09
$ABBV Company Info Updated Wednesday, September 2, 2015 03:11:32 AM $EA $BIDU $IBM $SMH http://t.co/q52ssxbk5N
PolgarStocks
2 Sep 15 00:16:35
$DIS Stock Price Updated Wednesday, September 2, 2015 03:07:28 AM $SVXY $DIS $EA $XLP http://t.co/nsoCsGBafO
paul bratby
2 Sep 15 00:05:29
Another Great example of one of my #Swingtrades, Full #Trading Journal for this $EA trade HERE http://t.co/KRoUSD1QCU http://t.co/pMbgimzgHw
TheExtraIncome
1 Sep 15 23:17:24
Hedge fund new buy $EA http://t.co/A4OgfcIiVK
IH News Desk
1 Sep 15 22:18:32
$SSO Recent News Updated Wednesday, September 2, 2015 01:11:26 AM $TVIX $MJMJ $EA $FEYE http://t.co/cJptua2q6m
The Finance Intern
1 Sep 15 20:40:15
$AMC is more short term play $EA looks interesting as well if you want more exposure to Star Wars outside of $DIS
TalkMarkets
1 Sep 15 18:39:04
#Activision Blizzard Vs. #Electronic Arts: The Battle Of The Gaming #Stock $ATVI $EA Also $HAS $JAKK http://t.co/v5SMCRlvYN
PolgarStocks
1 Sep 15 17:09:36
$FNMA Recent News Updated Tuesday, September 1, 2015 7:07:29 PM $SVXY $IHSI $EA $FXY http://t.co/moa3QMaXCD
FinSentS SP500
1 Sep 15 15:09:29
$EA:US Fed Rate Hike Is Already Priced In #ELECTRONIC ARTS INC http://t.co/x5BeUTeEzG #SP500
Alpha Maven Alerts
1 Sep 15 15:05:03
$EA active, relative volume: 5.45, 1H, 1:00 AM, #nasdaq $NDX
Alpha Maven Alerts
1 Sep 15 15:04:39
$EA sentiment rise to: 0.45, change: +0.48, sdr: 1.05, 1H, 1:00 AM, #nasdaq $NDX
Ophir Gottlieb
1 Sep 15 13:58:09
$EA vs. $TTWO Head to Head http://t.co/r4UN4r60BR http://t.co/sh4RLVHOgA
Jen
1 Sep 15 13:00:45
RT @jseamusic: Lost At $ea Debut EP!! Coming Soon!! *RT* Produced By : @charlie_vela artwork by : @BrandonMurphyy http://t.co/crDYCpFENn
BTR
1 Sep 15 12:51:59
Even with the #market $spy down this much, there are plenty of #stocks you can still short - $TSLA $BBW $EA $HD $JACK $SHW $AAPL $FB
TalkMarkets Recap
1 Sep 15 12:39:05
#Activision Blizzard Vs. #Electronic Arts: The Battle Of The Gaming #Stock $ATVI $EA Also $HAS $JAKK http://t.co/Z5Z45LUl6u
Ryan Latko
1 Sep 15 12:38:56
Took my gains and cut position on $ACI and bought $SWHC $EA $ATVI
Dally $ea
1 Sep 15 12:38:17
RT @DonnieHardaway: Recording Don $ea today. Hope you ready bro @_DallyC
Esteban Rodriguez
1 Sep 15 11:58:53
RT @kingjsea: RT New Teaser off Lost At $ea EP. #SayIt 🔥🔥🔥🔥 Share it if you dig it! 👍 http://t.co/7UQBoSm4bZ
Albert Reyes
1 Sep 15 11:54:47
RT @kingjsea: RT New Teaser off Lost At $ea EP. #SayIt 🔥🔥🔥🔥 Share it if you dig it! 👍 http://t.co/7UQBoSm4bZ
イザヤエマニュエル
1 Sep 15 11:49:40
Recording Don $ea today. Hope you ready bro @_DallyC
Alpha Maven Alerts
1 Sep 15 11:43:01
$EA active, relative volume: 4.34, 1H, 7:00 PM, #nasdaq $NDX
Dad
1 Sep 15 11:37:38
RT @jseamusic: Lost At $ea Debut EP!! Coming Soon!! *RT* Produced By : @charlie_vela artwork by : @BrandonMurphyy http://t.co/crDYCpFENn
Michael tiny Saul
1 Sep 15 11:35:32
$SCSS & $DATA acting well #WinningEdgeTrader newsletter Previous call was stop on $EA I'll get thrown out of #GURU club 4 admitting losers
ProVesting
1 Sep 15 10:53:02
$EA $GME: Wedbush’s August Video Game Industry Summary: http://t.co/fxdS9NiVDn
Alpha Maven Alerts
1 Sep 15 10:27:56
$EA active, relative volume: 6.24, 1H, 1:00 PM, #nasdaq $NDX
Cameron Wilmot
1 Sep 15 10:12:18
.@EAStarWars: Battlefront beta hits in October, features 20v20 chaos $EA, $SNE, $MSFT http://t.co/O76wQX4khR http://t.co/LbJ1SW1BEv
TweakTown
1 Sep 15 10:12:15
.@EAStarWars: Battlefront beta hits in October, features 20v20 chaos $EA, $SNE, $MSFT http://t.co/6FB9vQOTDK http://t.co/G6tUsrzTr2
David Blair
1 Sep 15 09:19:52
$EA Trend Reversal. Points to ponder below. http://t.co/je2vqn3JF7
Insider Monkey News
1 Sep 15 09:12:15
$EA Holds Off $ATVI As Most Popular Gaming Stock Among Hedge Funds $TTWO http://t.co/KXVewRwfJq
Insider Monkey
1 Sep 15 09:12:14
$EA Holds Off $ATVI As Most Popular Gaming Stock Among Hedge Funds $TTWO http://t.co/R5QXkerqkN
Specialist Trading
1 Sep 15 08:43:09
STOCK TRADERS! Yesterday our proprietary strategies generated sell signals in $ABT, $EA, $ILMN, $MCK, and $THC. http://t.co/Im1DENfwVm
Joe Cool
1 Sep 15 07:25:36
Out $BOFI 112.44 -9.4% $CFNL 21.77 -5.8% $EA 65.07 -7.7% $HAS 73.31 -5.9% $HOMB 37.47 -5.1% $ODFL 64.77 -11.6% $ZTS 44.38
Capital Market Labs
1 Sep 15 07:12:25
$EA vs. $GLUU Head to Head http://t.co/x2ZXzYcKt0 http://t.co/88lWMyRofq
FinSentS SP500
1 Sep 15 07:06:57
$EA:US Fed Rate Hike Is Already Priced In #ELECTRONIC ARTS INC http://t.co/YBuZXP4Qrz #SP500
DailyStockPicks
1 Sep 15 07:00:13
$ANFI huge bounce play like $ACI. 100%+ upside potential P/E of 3 $BIDU $UNP $SWKS $CHK $EA $RF investors read http://t.co/L1jwUV6Bag
TalkMarkets
1 Sep 15 06:49:50
#Activision Blizzard Vs. #Electronic Arts: The Battle Of The Gaming #Stock $ATVI $EA Also $HAS $JAKK http://t.co/v5SMCRlvYN
Peter Bardens
1 Sep 15 06:37:19
$EA Electronic Arts Inc. Analyst Rating Update http://t.co/fF0sKteBqo
Zacks.com
1 Sep 15 06:36:05
Is Activision or Electronic Arts a better long term investment? $ATVI $EA http://t.co/MYn4hwoPpz
				
				
By  +Follow October 2, 2013 9:48AM
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