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EA has posted a loss of $381 million on revenue of $711 million for its fiscal second quarter ending in September, down from a $340 million loss on revenue of $715 million in the year-ago period. Despite those seemingly grim figures, the company's performance exceeded analysts' expectations.
That doesn't seem to be the case for the third quarter, however, as the publisher believes it will post a profit of $0.50 to $0.60 per share on revenue of $1.25 billion to $1.35 billion, which falls short of the profit of $0.71 per share on $1.38 billion in sales that analysts polled by Thomson Reuters expected.
In an investor's call, the company acknowledged that its third quarter "appears soft," and this is largely blamed on the weak critical reception of its latest modern military shooter, Medal of Honor: Warfighter, which currently has a Metacritic score of 51 to 56 depending on the platform.
EA also cited the recent cancellation of NBA Live 13, which was supposed to launch on Xbox Live Arcade as a downloadable product for $20 but was reportedly shelved for not being up to par with the quality of the company's other sports franchises.
Said sports titles were the primary reason EA topped second-quarter expectations, with FIFA 13 and Madden NFL 13 being the western world's two top-selling games in September. The former logged 7.4 million sales during its first four weeks of availability, marking EA's all-time biggest sports launch, while the latter has seen a 30% year-over-year increase in total online game sessions and has sold 9% more copies than its predecessor in the same period (specific numbers weren't provided). Other highlights and metrics include:
Battlefield 3, the latest in a long line of Battlefield titles is likely the most anticipated game of 2011. Using the new Frostbite 2 engine the game promises to deliver jaw dropping visuals coupled with fast paced action packed fun. DICE recommends a quad-core CPU along with 4GB of RAM. As for the graphics card a GeForce GTX 560 or Radeon HD 6950 is suggested.
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