EA Q3 Revenue Drops, Loss Narrows
Electronic Arts has announced its preliminary Q3 2013 results. The video game maker posted revenue of $922 million during the quarter, down from just over $1 billion in Q4 of the previous year. Net loss, however, narrowed over the same time frame. It was $45 million ($0.15 per diluted share) in this most recent quarter, an improvement over the $205 million ($0.62) of Q3 2012.
In spite of the revenue drop, on a trailing 12-month basis, top line outpaced the previous period. The 12 months ended last December 31 saw just under $4 billion in revenue, against $3.9 billion in the preceding period. Net is positive at $175 million, against the previous 12-months' loss of $173 million.
For its current quarter, EA said it is expecting $1.1 billion-$1.2 billion in net revenue, and positive EPS of $0.92-$1.12.
The article EA Q3 Revenue Drops, Loss Narrows originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Electronic Arts. The Motley Fool has no position in Electronic Arts. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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