EA financials: Publisher drops quarterly guidance
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According to this Kotaku report, EA said it will stop offering quarterly guidance from now on in a conference call that followed the release of full-year financials yesterday.
Execs said the decision was to stop stock slumps based on short-term problems, such as delays.
"The nature of our business is fairly variable quarter to quarter based on release schedules. We've a multi-year business plan for the first time," said CFO Eric Brown. "We're looking out three-plus years as opposed to three-plus quarters, and we think its appropriate... so that we're making good decisions for the long term."
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