With Dead Space 2 At #1, Will EA Make a Comeback? (ERTS)

Though exact sales figures have not been announced, Dead Space 2 is currently enjoying the top sales position in the United Kingdom. Is this cause for celebration? Electronic Arts ERTS has been trading up over the past two days, with shares closing today at $15.62; after the close, shared jumped another 9.15% following the company's earnings and $600 million buyback announcement. For the average investor, earnings and buyback announcements hold more weight than the success of one product. But with Dead Space 2 taking control of the UK charts (which were previously dominated by Sony's SNE LittleBigPlanet 2), Electronic Arts is showing that it can still produce big hits and resilient franchises.