|
Posted on 05.12.06 by Nikhil @ 9:41 am
I’ll be keeping an eye on Electronic Arts this week. The company’s stock fell more than 11% last week and trades around $47 per share—its 52 week low. The reason: a poor earnings forecast. For the current quarter, ending in June, EA forecasts a loss in the range of 36 to 42 cents a share. Sales are expected to range from $300 million to $340 million. Despite a number of broker downgrades, this company is the preeminent company in its field, and I think it will make a comeback. EA will be at the Electronic Entertainment Expo (E3 Expo), which starts May 10th in Los Angeles. The company will be announcing a number of new videogame titles as well as its lineup of wireless titles. EA, you may recall, recently acquired Jamdat Mobile, a developer of wireless games. Electronic Arts will also debut Orcs & Elves, id Software’s new intellectual property, created exclusively for mobile phones by Fountainhead Entertainment. I’ll keep subscribers of Forbes Wireless Stock Watch current with the latest news from EA, and the prospects for the stock. TO GET THIS INFORMATION, CLICK HERE. Filed under: Stock Watch and Applications and News Comments:
|
