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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 05:12 EDT
Electronic Arts reported December quarter results slightly ahead of consensus driven by strong sales of Star Wars Jedi: Fallen Order, Piper Sandler analyst Michael Olson tells investors in a post-earnings research note. The company's fiscal 2020 earnings guidance was raised by more than the beat, but remains below consensus, which is not surprising given the March quarter will rely largely on Live Services from already launched titles, adds Olson. He maintains an Overweight rating on Electronic Arts and raised his price target for the shares to $126 from $124.
News For EA From the Last 2 Days
Oct 27, 2020 | 12:31 EDT
For this week's edition of "Game On," The Fly spoke with Jefferies analyst Alex Giaimo in an exclusive interview on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Ahead... To see the rest of the story go to See Story Here
Oct 27, 2020 | 09:10 EDT
Electronic Arts (EA) announced that on December 4, the next generation versions of EA Sports Madden NFL 21 and FIFA 21 will be available worldwide. The games on PlayStation 5 (SNE) will also feature new haptic technologies via the new DualSense controller. Players who buy, or who have already bought, Madden NFL 21 or FIFA 21 for Xbox One (MSFT) and/or PlayStation 4 from now to the launch of Madden NFL 22 and FIFA 22 will receive the Xbox Series X S and/or PlayStation 5 version of the game they've purchased for free when the new games are released in December. Players can carry over their progress and content in Ultimate Team, The Yard and both Franchise modes in Madden NFL 21, and their progress and content in Ultimate Team and Volta Football in FIFA 21.
Oct 26, 2020 | 13:54 EDT
Electronic Arts (EA) said in a blog post that the company is "still hard at work" on a port of popular battle royale shooter "Apex Legends" for the Nintendo Switch (NTDOY), but the team "needs more time." "This year has brought on unexpected new challenges, to put it mildly, and we don't want to rush anything out," EA said in a blog post. "Switch owners can expect to get their hands on Apex Legends next year. And of course, when Apex Legends does launch on Switch, it'll come with support for cross-platform play, our latest seasonal content, and full feature parity with the other versions of the game." Reference Link
Oct 26, 2020 | 08:30 EDT
JPMorgan analyst Alexia Quadrani raised the firm's price target on Electronic Arts to $155 from $150 and keeps an Overweight rating on the shares. The video game publishers continue to benefit from heightened engagement and spending during the pandemic as other forms of entertainment remain on hiatus, Quadrani tells investors in a research notel.