Feeds

Eidos issues profit warning

Vietnam blockbuster held back to September

  • alert
  • submit to reddit

The essential guide to IT transformation

UK games publishing giant Eidos this morning scaled back its 2004 earnings forecast as it admitted that it had put back the release of its upcoming Vietnam War game, Shellshock: 'Nam 67, to September.

The news saw Eidos' shares fall 9.1 per cent to £1.03 from yesterday's closing price of £1.1325.

Eidos said it now expects to break even during the current financial year, which ends on 30 June, or to make a "small" loss.

Rescheduling Shellshock means that the game's revenue will now come in during Eidos' next financial year, impacting the current year's profitability.

The company found itself in similar circumstances last June, when it had to "significantly reduce" its 2003 expectations after it was forced to delay the release of Tomb Raider: Angel of Darkness. However, by the end of July, it was able to announce that its dire prognostications had not come to pass, despite the problems it had experienced getting the Lara Croft game out of the door.

This time round the announcement comes after Eidos had already warned that "unexpected softness" in the games market, particularly in the US, would hit sales of its recently released Hitman: Contracts title. The company expects summer demand to be weak, which is why it's holding Shellshock back despite the readiness of the PC version and the near-completion of both the PlayStation 2 and Xbox incarnations. ®

Related stories

Eidos issues profit warning
Eidos reverses profit warning
Eidos snaps up IO Interactive
Microsoft, Eidos line up to buy 3DO titles

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?