Michael Pachter On Electronic Arts Earnings, 'Mirror's Edge' And Poor Guidance

Benzinga contacted Michael Pachter, Wedbush expert on gaming stocks, to receive a more specific analysis on some of Electronic Art's key initiatives such as "Mirror's Edge."

When asked about Electronic Art’s relatively criticized "Mirror's Edge" game, Pachter said "the results were fine.” Although Electronic Arts didn’t provide any exact figures on the game, revenue numbers suggest it sold between 1.7-2.0 million units, according to the analyst.

Pachter was a bit disappointed with Q2 guidance.

"I’m sure they'll talk about Brexit and phasing of marketing spending as reasons for their conservatism,” said the analyst.

At time of writing, Electronic Arts traded at $76, down 1 percent in Tuesday's aftermarket.

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