Losses down for EA Q3 but full-year guidance, shares take a knock

Publisher EA has managed to really slice up losses during Q3, reducing the company deficit from $641m to $82m, but guidance has lowered.

Losses may have tumbled but so did Q3’s net revenue, down from 2008’s $1.654bn to $1.243bn. Full-year revenue has dipped below $4.07bn.

Estimates for this fiscal year have been lowered, with EA now expecting revenue between $3.65 billion and $3.9 billion come March 31st, 2010. Analysts were looking at over $4.07 billion with 74 cents a share - but EA braces for 50-70 cents a share.

EA shares took one on the nose in after hours US trading, down 9 percent, once the news had broke from the report. Here’s the full ’Third Quarter Fiscal Year 2010 Results’.

Source: VG247