Boston, MA 05/12/2014 (wallstreetpr) – Electronic Arts Inc. (NASDAQ:EA) has issued a lengthy list of its online games that would no longer be available online starting June 30. As per the company’s Online Service Updates page, some of these game include Battlefield 1942, Battlefield, Command & Conquer” Red Alert 3, Need for Speed: Hot Pursuit 2, Crysis 2, Star Wars: Battlefront II, Neverwinter Nights 2.
Pulling Off Online Games
Electronic Arts Inc. (NASDAQ:EA) had recently pulled off its another game, GameSpy. The company noted through its website that since the shutdown of GameSpy, it has been continuously evaluating the options to keep its services up and functional for the titles, however due to technical issues, they have to close down the games. While the company inquired about community-supported options to retain online functionality of its fan favorite games like Battlefield 2, Medal of Honor and Battlefield 1942, it did not announce anything so far as technical glitches remain.
Q4 Results OutPerform
Earlier last week, the company had reported better-than-expected earnings and revenues for its fourth quarter. Electronic Arts Inc. (NASDAQ:EA) earned EPS of $0.48 per share during the reported period, which exceeded the analysts’ expectation of $0.11 per share. Revenues declared too came in higher at $941 million, beating the estimate by $101.91 million. Higher revenue and gross margins were mainly on account of cost containment and a better combination of digital revenues.
For the fiscal year 2015, the company provided guidance of $1.85 per share for EPS and revenues $4.1 billion. Electronic Arts Inc. (NASDAQ:EA)’s revenue guidance includes $200 million in packages goods sales and declines, $300 million in digital revenue and a comparatively flat operating expenses. The revenue guidance is marginally lower than the market consensus of $4.11 billion, while EPS guidance is well above the market estimate of $1.52 per share. The company has also declared its plans to buyback $750 million shares.
