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John Riccitiello is resigning as Electronic Arts' (EA) CEO, and from EA's board, effective March...

John Riccitiello is resigning as Electronic Arts' (EA) CEO, and from EA's board, effective March 30. Chairman Lawrence Probst is now executive chairman, and will run the company while it searches for Riccitiello's successor. EA is also warning it expects FQ4 (March quarter) results to be "at the low end of, or slightly below" prior guidance. The company previously forecast revenue of $1.025B-$1.125B and EPS of $0.57-$0.72; the consensus stands at $1.08B and $0.65. It looks like the Street cares more about the former news than the latter, shares +4.8% AH. (earlier)
Comments (1)
  • Mass Effect 3's ending his fault or something?! lol! Jungle music! Jk that was just Bioware lol!
    18 Mar 2013, 09:54 PM Reply Like
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