Video-game maker Electronic Arts Inc. (EA), Tuesday fourth-quarter net income of $323 million or $1.05 per share, down from $400 million or $1.20 per share last year.
Adjusted earnings for the quarter improved to $169 million or $0.55 per share from $56 million or $0.17 per share last year. On average, 24 analysts polled by Thomson Reuters expected earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter dropped to $1.21 billion from $1.37 billion last year. Adjusted total revenues for the quarter grew to $1.04 billion from $977 million last year. Analysts estimated revenues $1.04 billion for the quarter.
Looking forward to first quarter, the company expects earnings of about $0.33 per share and adjusted loss of around $0.62 per share. The company expects revenues to be about $875 million and adjusted revenues of around $450 million for the first quarter.
Analysts currently estimate loss of $0.36 per share and revenues of $542.73 million for the quarter.
For the full year 2014, the company expects loss of about $0.97 per share, adjusted earnings of around $1.20 per share. The company expects net revenue of about $3.50 billion and adjusted revenues of around $4.00 billion.
Analysts currently estimate earnings of $1.10 per share on revenues of $4.10 billion for the year.
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