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Lower Sales Predicted For EA Sports

Bad Credit Credit Creditres When Electronic Arts releases earnings information for the 2nd quarter of its 2005 fiscal year later today, analyst PJ McNealy says to expect EA to report lower sales of Madden NFL 2005 and NHL 2005.

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Bad Consolidation Credit Debt According to McNealy, ESPN's NFL 2K5 has hurt sales of EA Sports Madden NFL 2005, and Madden NFL 2005 sales could be down over 20%. Also, due to an NHL lock-out which has halted play and ESPN's NHL 2K5, EA Sports' NHL 2005 sales could be down over 50%.

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Bad Company Credit Repair McNealy does not expect the lower sales to have a major impact on EA, however, saying "We believe that while Electronic Arts has been under pressure in September retail sales in North America, sales in the EU have remained strong and the September quarter should be inline." In fact, McNealy says EA could still beat their quarterly expectations, and may raise expectations for the next quarter.

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Bad Card Credit Credit EA's earnings report is expected to be released around 4:00 PM Eastern, when the New York Stock Exchange closes.

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