The third expansion set to be released for “Star Wars Battlefront” is also arguably the most anticipated one as it will finally take players to the iconic location known as the “Death Star”.
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The company is expected to release three smaller games – “Plants vs Zombies: Garden Warfare 2”, martial arts game “EA Sports UFC 2” and its indie game “Unravel” – this quarter.
With a little more after-hours volume under its belt, Electronic Arts (NASDAQ:EA) is now down just 7.9% following its earnings conference call.
EA made a profit of $596 million during the quarter, up substantially from the $388 profit it made during the holiday quarter a year ago. The same period from the previous year had $1.22 in EPS on $1.43 billion in revenue.
With an array of offerings on both PS4 and Xbox One, Electronic Arts announces it was the No. 1 video game publisher in the “Western World” for both consoles in their winter quarter ending December 31, 2015.
Analysts on average were expecting a profit of $3.10 per share on revenue of $4.56 billion, according to Thomson Reuters I/B/E/S.
CEO Andrew Wilson talked up the appeal of the company’s “Star Wars: Battlefront” title as well as “Madden NFL”.
Guidance for the current quarter, though, was 40 cents per share in earnings on $875 million in revenue, while Wall Street was looking for as much as 50 cents a share on revenue of $915.4 million.
As for future Star Wars games, Jorgensen said EA’s development teams would stay “tightly connected” to the Star Wars films while tapping into “new characters and vehicles”.
For this year, the company sees revenue of $4.517 billion, on a non-GAAP basis, and EPS of $3.04.
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Shares of EA closed Thursday at $69.79, with a consensus analyst price target of $82.78 and a 52-week trading range of $53.55 to $76.92.
