Video game giant Electronic Arts reported mixed holiday quarter results Tuesday, hitting its earnings targets but missing on revenues as its first Xbox One and PlayStation 4 console game sales materialized.
But analysts are looking on the bright side today, and EA’s stock price is up 2.6 percent in midday trading on Wall Street — and that the publisher is positioned well for 2014 in the multibillion game industry. EA chief executive Andrew Wilson said sales of games for Microsoft’s and Sony’s new systems games were better than expected, but these were not enough to make up for weaker sales for the older Xbox 360 and PlayStation 3 consoles.
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