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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
Langan Stocks
1 Apr 15 03:22:10
$BAA Stock Message Board Updated Wednesday, April 1, 2015 06:03:16 AM $DBA $RIGH $EA $XRT http://t.co/ZAS9hUtK8H
12Stocks.com
1 Apr 15 03:01:52
Weekly Nasdaq100 #Stocks Performance $KRFT $CTRX $ALTR $ADI $ESRX $MDLZ $CHTR $XLNX $BBBY $INTC $EA $VRSK more@ http://t.co/YdSIjG11yN
Rosner Stocks
1 Apr 15 02:28:10
$EA Last Price Updated Wednesday, April 1, 2015 04:59:23 AM $RGSE $HON $RGSE $XIV http://t.co/rR0kZogYkT
PolgarStocks
1 Apr 15 00:26:08
$IVV Last Price Updated Wednesday, April 1, 2015 03:07:07 AM $JNK $ALK $EA $ABBV http://t.co/Z7WwLcwdAY
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1 Apr 15 00:21:07
$IYR Company Info Updated Wednesday, April 1, 2015 03:03:15 AM $ITB $LVS $HON $EA http://t.co/CGl1lwOwqT
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31 Mar 15 23:25:35
$LVS Percent Change Updated Wednesday, April 1, 2015 01:59:21 AM $FXI $SH $IYR $EA http://t.co/AV0Ba8Z8Su
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31 Mar 15 23:17:20
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31 Mar 15 21:35:53
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31 Mar 15 20:26:00
Premium Alerts Ranked #1 For Gains 2834% Last Week http://t.co/NovWYe2RAx .. $EA $NICK $WATT
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31 Mar 15 20:18:16
$EA Company Info Updated Tuesday, March 31, 2015 11:10:56 PM $XLF $CYBR $AGG $BX http://t.co/p16YpNzp92
Rosner Stocks
31 Mar 15 19:22:34
$EA Percent Change Updated Tuesday, March 31, 2015 9:59:24 PM $TNA $MCD $GPRO $DUST http://t.co/njgSTGQhY2
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31 Mar 15 19:10:08
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31 Mar 15 18:31:05
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Rosner Stocks
31 Mar 15 18:21:36
$ACN Stock Price Updated Tuesday, March 31, 2015 8:59:23 PM $CYBR $EA $TNA $SPXL http://t.co/CPKh99UmEq
PolgarStocks
31 Mar 15 18:21:33
$AMZN Percent Change Updated Tuesday, March 31, 2015 9:07:06 PM $XLU $CHK $TLT $EA http://t.co/vrM3dyEn3q
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31 Mar 15 18:17:11
$GLD Percent Change Updated Tuesday, March 31, 2015 9:10:57 PM $XLP $DANG $VALE $EA http://t.co/vy2SyPzg9G
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31 Mar 15 18:16:06
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31 Mar 15 17:21:10
$ABBV Opinions Updated Tuesday, March 31, 2015 7:59:21 PM $UCO $ITB $EA $UVXY http://t.co/204x4HvssZ
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31 Mar 15 17:15:04
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31 Mar 15 16:35:43
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31 Mar 15 16:33:57
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31 Mar 15 16:32:08
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31 Mar 15 16:32:05
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31 Mar 15 16:28:09
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Hector Rodriguez
31 Mar 15 16:28:01
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31 Mar 15 16:19:37
$GPRO Last Price Updated Tuesday, March 31, 2015 7:07:05 PM $TMF $ORLY $FNMA $EA http://t.co/SgV5SaD2lL
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31 Mar 15 15:51:14
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31 Mar 15 15:51:09
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31 Mar 15 15:31:10
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31 Mar 15 15:30:30
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31 Mar 15 15:28:12
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31 Mar 15 15:19:10
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31 Mar 15 15:19:07
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31 Mar 15 15:07:47
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PolgarStocks
31 Mar 15 13:18:06
$XLK Stock Price Updated Tuesday, March 31, 2015 4:05:57 PM $EA $RTM $DUST $SVXY http://t.co/PCG4XAb3xR
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31 Mar 15 13:18:05
$LQD News Updated Tuesday, March 31, 2015 4:05:57 PM $UAL $DIA $EA $SLTD http://t.co/HL9Q6vIP24
paul bratby
31 Mar 15 12:50:42
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31 Mar 15 12:46:58
How Can Introduction Of More FPS Titles By EA Impact Its Stock? http://t.co/tM917u4Cqk by Trefis Team $ERTS $EA $ATVI
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31 Mar 15 12:39:40
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31 Mar 15 12:17:09
$TBT Last Price Updated Tuesday, March 31, 2015 3:05:59 PM $EA $GDX $DUST $XLF http://t.co/B7GM2AaYd0
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31 Mar 15 12:17:06
$EA Last Price Updated Tuesday, March 31, 2015 3:05:59 PM $XIV $QCOM $MDCN $CSCO http://t.co/U6Bc7v9jRO
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31 Mar 15 12:10:08
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31 Mar 15 11:16:07
$EA News Updated Tuesday, March 31, 2015 1:59:24 PM $LOW $QCOM $FXI $LQD http://t.co/dPSAj2Nrjw
PolgarStocks
31 Mar 15 11:16:06
$EA Last Price Updated Tuesday, March 31, 2015 2:05:57 PM $CAT $CURE $DUST $ADI http://t.co/lUUMlWQP6M
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31 Mar 15 11:12:39
$GDXJ Company Info Updated Tuesday, March 31, 2015 2:09:12 PM $DIA $HD $EA $RIG http://t.co/5c0vvnysxQ
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31 Mar 15 11:09:34
$VPOR Company Info Updated Tuesday, March 31, 2015 2:02:41 PM $UNH $CMG $EA $NUGT http://t.co/4OWZdeYvGz
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31 Mar 15 10:15:23
$SVXY Recent News Updated Tuesday, March 31, 2015 1:05:57 PM $UA $FXI $EA $XIV http://t.co/DRJxMrguf8
Langan Stocks
31 Mar 15 10:09:13
$ECIGD Investor Opinions Updated Tuesday, March 31, 2015 1:02:40 PM $EA $VPOR $LQD $TVIX http://t.co/Wq5yCfnwVL
				
				
By  +Follow October 2, 2013 9:48AM
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