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EA's guidance puts video game maker in the rough

Video game publisher Electronic Arts (NASDAQ:EA), which just released the pro golf game "Rory McIlroy PGA Tour," might want to take a mulligan on its guidance.

Late Thursday, the Redwood City, Calif.-based company reported June-quarter earnings that beat Wall Street estimates, but gave September-quarter and full-year guidance that lagged views.

For its fiscal first quarter, which ended June 30, EA earned 15 cents a share, excluding items, on sales of $693 million. Analysts polled by Thomson Reuters expected 3 cents EPS and $652 million in revenue.

For the current quarter, EA is targeting earnings of 40 cents a share minus items on sales of $1.075 billion. Wall Street had been modeling 67...


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