Despite Being Above Consensus, Electronic Arts Only Maintained FY11 Guidance

Electronic Arts ERTS reported September quarter earnings results well above consensus, but only maintained its FY11 annual guidance, Piper Jaffray reports. “FIFA 11 sold over 8M units and was up 20% Y/Y,” Piper Jaffray writes. “Segment share is at 25% YTD; EA's portfolio continues to improve in terms of quality and profitability. There is no change to our earnings estimates for FY11 or FY12. We continue to think category sales growth will be limited this year and we expect sales declines during each of the next two years.” Electronic Arts currently trades at $16.20.