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EA Slips: Q4 View Hit by Low-Margin Licensed Games, Says Baird

Shares of video game giant Electronic Arts (EA) are down $3.14, or 2.6%, at $116.46, in late trading, after the company this afternoon reported fiscal Q1 revenue that matched analysts’ expectations, and delivered a smaller-than-expected net loss, but forecast this quarter’s results below consensus.

Looking over the results, Colin Sebastian of Baird, who has an Outperform rating on the shares, and $130 price target, writes this evening that the shortfall in the Q3 outlook is "presumably due to a higher mix of lower-margin...