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Electronic Arts (NASDAQ: ERTS), a video-game publisher which competes with Activision Blizzard (NASDAQ: ATVI), Take-Two Interactive (NASDAQ: TTWO), and THQ (NASDAQ: THQI), reported earnings for the fiscal third quarter on Tuesday. It wasn't EA's finest moment. After accounting for adjustments, non-GAAP income was $0.56 per share. That represented a horrible decline. Last year at this time, EA earned $.90. Operating cash flow was likewise ugly. For the past twelve months, EA generated a little over $80 million of the green stuff. In the previous similar period, EA saw over $260 million in cash from operations Non-GAAP revenue was essentially flat.JohnRiccitiello posts
FeedElectronic Arts crashed in Q3: Is it really a value?
Electronic Arts (NASDAQ: ERTS), a video-game publisher which competes with Activision Blizzard (NASDAQ: ATVI), Take-Two Interactive (NASDAQ: TTWO), and THQ (NASDAQ: THQI), reported earnings for the fiscal third quarter on Tuesday. It wasn't EA's finest moment. After accounting for adjustments, non-GAAP income was $0.56 per share. That represented a horrible decline. Last year at this time, EA earned $.90. Operating cash flow was likewise ugly. For the past twelve months, EA generated a little over $80 million of the green stuff. In the previous similar period, EA saw over $260 million in cash from operations Non-GAAP revenue was essentially flat.Continue reading Electronic Arts crashed in Q3: Is it really a value?
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