An investigation for investors in Electronic Arts Inc. (NASDAQ:EA) shares over potential securities laws violations by Electronic Arts Inc. was announced and NASDAQ:EA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 12/11/2013 -- An investigation on behalf of investors of Electronic Arts Inc. (NASDAQ:EA) shares over potential securities laws violations by Electronic Arts Inc. and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Electronic Arts Inc. (NASDAQ:EA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Electronic Arts Inc. (NASDAQ:EA) concerning whether a series of statements by Electronic Arts Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Electronic Arts Inc. reported that its Total Revenue declined from over $4.14 billion for the 52 weeks period that ended on March 31, 2012 to over $3.79 billion for the 52 weeks period that ended on March 31, 2013, while its Net Income for those time periods increased from $76.00 million to $98.00 million.
Shares of Electronic Arts Inc. grew from $13.70 per share in January 2013 to $27.99 per share on September 2013.
On October 29, 2013, Electronic Arts Inc. reported financial results for its its second quarter fiscal 2014. Among other things, Electronic Arts Inc. reported that its second fiscal 2014 quarter Revenue declined to $695.00 million from $949.00million for its first fiscal 2014 quarter and $711.00 million for the second quarter in its fiscal 2013. Furthermore, Electronic Arts Inc. reported that its Net Income of $222 million for the first quarter in its fiscal 2014 declined to a second quarter Net Loss of $273.00 million in its second fiscal 2014 quarter.
Shares of Electronic Arts Inc. declined from almost $28 in September 2013 to as low as $20.54 per share on December 5, 2013.
On December 20, 2013, NASDAQ:EA shares closed at $22.06 per share.
Those who purchased shares of Electronic Arts Inc. (NASDAQ:EA), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com