This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Electronic Arts: After-Hours Trading

Stocks in this article: ERTS CWH

NEW YORK ( TheStreet) -- Shares of Electronic Arts (ERTS) dipped in late trades on Tuesday after the Redwood City, Calif.-based game developer agreed to acquire privately held PopCap Games, the maker of popular digital titles like Plants vs. Zombies and Bejeweled.

The deal provides an initial consideration of $750 million, which includes $650 million in cash and another $100 million in stock for certain PopCap stakeholders. In addition, there's the potential for cash earnouts totaling $550 million through 2013 if PopCap's operations meet certain milestones related to non-GAAP earnings before interest and taxes.

Electronic Arts expects PopCap to add earnings of at least 10 cents a share to its results by fiscal 2013 on a non-GAAP basis. The deal is anticipated to close in August and be neutral to fiscal 2012 results.

The stock was last quoted at $23.40, down 3.2%, on volume of around 350,000, according to Based on a regular session close at $24.17, the shares were up 48% so far in 2011.

Electronic Arts also narrowed its loss outlook for the first quarter ended in June, and reaffirmed its full-year forecast. Wall Street was split on Electronic Arts ahead of the news with 13 of the 26 analysts bullish (6 at strong buy and 7 at buy), and the remainder split between hold (11), underperform (1), and sell (1).

Commonwealth REIT

Shares of Commonwealth REIT (CWH) fell in extended action after the company announced plans to sell an additional 7.5 million common shares.

The Newton, Mass.-based real estate investment trust plans to use the proceeds of the dilutive offering, which includes an overallotment option for the sale of an additional 1.125 million shares, to pay down debt.

The stock was off 4.4% to $24.28 on volume of around 30,000. Based on Tuesday's regular session close at $25.41, the shares were down less than 1% so far in 2011.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

>To submit a news tip, send an email to:

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs