EA's declared an 84 percent top line gain, or $1.13 billion including deferred revenue for its fourth quarter. The top game producer, according to CEO Eric Brown, also predicts a 25-30 percent market share by the end of fiscal 2009.
The company currently has a 21 percent slice of the lucrative video game market and though it has been rejected and out gunned by Take-Two's Grand Theft Auto IV, EA remains a dominant player in the industry. Take-Two had previously rejected EA's $25.74 per-share-offer for being too low.
EA showed a profit, in it's fiscal fourth quarter, excluding
special items of nine cents per share on revenue of $919 million,
up 50 percent from a year earlier.
EA shares rose to $56 on the news and settled on $54.80 in extended trading.
The company had been expected to show a slight profit of 1 cent
per share on revenue of $840 million, according to the average
expectations of Wall Street analysts on Reuters Estimates. Seems the analysts definitely didn't do their numbers properly, as it looks like the video game market remains defiant and recession proof.