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EA Q3 Revenue Drops, Loss Narrows

Friday - 2/1/2013, 3:22am  ET

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.

This article was originally published as EA Q3 Revenue Drops, Loss Narrowson Fool.com

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