Recent

% | $
Quotes you view appear here for quick access.

Electronic Arts Inc. (ERTS) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • monkabc3 monkabc3 Jan 29, 2012 1:34 PM Flag

    Earnings?

    Totally! So you are being smart and shorting this stock? A lot of money to be made from $18 down to sub $15. All the tech stocks, like Apple and Microsoft who make the gaming platforms have been reporting terrible earnings. Weak sector, very weak. FAIL!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The stock is down for two reasons:

      1) Zynga, a stock in the same sector as EA, had an IPO and it tanked. Zynga are also having trouble getting new users for their games. It seems to reason that EA might be having the same issues with their Facebook games OR they are cleaning Zynga's clock, and stealing their users.

      2) Overall game sales were down last year. This is a sector wide issue that could harm earnings.

      Personally, I think these are overblown issues. BF3 is a huge hit, SWTOR appears to be a huge hit, iPhone sales are high, and hopefully that will help EA as well. Will all this be enough to bump the stock price? Maybe. Maybe not.

 
EA
62.56-0.13(-0.21%)May 22 4:00 PMEDT