Electronic Arts Inc. announced preliminary unaudited consolidated financial results for the third quarter and nine months ended December 31, 2013. For the quarter, total net revenue was $808,000 against $922,000 for the same period of last year. Operating loss was $292,000 against $39,000 for the same period of last year. Loss before provision for income taxes was $298,000 against $33,000 for the same period of last year. Net loss was $308,000 against $45,000 for the same period of last year. Basic and diluted loss per share was $1.00 against $0.15 for the same period of last year. Non-GAAP net income was $398,000 against $176,000 for the same period of last year. Non-GAAP earnings per diluted share were $1.26 against $0.57 for the same period of last year. Net cash provided by operating activities was $685,000 against $363,000 for the same period of last year. Capital expenditures were $28,000 against $25,000 for the same period of last year.

For the nine months, total net revenue was $2,452,000 against $2,588,000 for the same period of last year. Operating loss was $311,000 against $188,000 for the same period of last year. Loss before provision for income taxes was $330,000 against $191,000 for the same period of last year. Net loss was $359,000 against $225,000 for the same period of last year. Basic and diluted loss per share was $1.17 against $0.72 for the same period of last year. Non-GAAP net income was $382,000 against $95,000 for the same period of last year. Non-GAAP earnings per diluted share were $1.21 against $0.30 for the same period of last year. Net cash provided by operating activities was $431,000 against $91,000 for the same period of last year. Capital expenditures were $81,000 against $81,000 for the same period of last year.

For the full year of fiscal 2014, the company is lowering non-GAAP net revenue guidance to $3.91 billion due to the weakness in current generation software, but it is increasing non-GAAP EPS guidance by $0.05 to $1.30 due to the improvement in operating profits. The company's gross margin is expected to be 66%. The GAAP guidance is estimated to be $3.52 billion in revenue and a loss per share of $0.42. The company is raising its estimates for fiscal 2014 operating cash flow to approximately $600 million. This implies expected free cash flow generation of approximately $500 million, which is up $200 million from its previous guidance and more than twice what the company generated in fiscal 2013.

For the fourth quarter of fiscal 2014, the company's GAAP revenue is expected to be $1.07 billion and GAAP earnings per share is expected to be $0.72. Non-GAAP revenue for the quarter is expected to be $800 million.