EA Posts Weak 3Q as Battlefield Disappoints; Apex Legends and Anthem Launches Increase in Importance
EA reported a very disappointing fiscal 2019 third quarter as the top and bottom lines fell short of both consensus expectations and the company’s weak guidance. Management slashed its previously issued full-year guidance for fiscal 2019. February has turned into an even more important month for the firm due to the launch of Anthem on Feb. 23 and the surprise launch of Apex Legends on Feb. 4. We are maintaining our narrow moat rating but have reduced our fair value estimate to $108 from $115 to ...Electronic Arts develops, markets, publishes and distributes games, content and services that can be played and watched on a variety of platforms, including game consoles, personal computers, and mobile phones. The company markets and sells its games and services through digital distribution channels and through retail channels. Digitally, the company's console games and services can be purchased through third-party storefronts. In its games and services, the company utilizes brands that it either wholly own or license from others. The company develops and publishes games and services across genres. Within and alongside its games, the company provides live services, including in-game purchases, downloadable content, and esports.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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