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EA up to new all-time
high
EA surging to $126 this evening on an unimpressive earnings
report. It looks like they missed holiday season forecasts by a
fraction, due to the Star Wars mess having an impact on sales, only
selling about 7M. The fiscal year guidance was raised a fraction.
It's such a small delta it can't be the reason for a 7% jump today
and this evening. I guess it's relief that earnings weren't worse?
Oh, they also confirmed the recent rumor that Anthem has been
delayed from Fall to the March quarter. They spin it as saying it's
not really a delay, that's just people trying to make a story out
of it, although it was EA who previously announced Fall 2018. I'm
not sure how this fraction of a raised guidance and key game delay
warrants a jump to new highs, but this is the market we're in I
suppose.
finance.yahoo.com/ne...9.html
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