Quarterly Results Roundup

3Dfx Posts Second Quarter Loss3Dfx Interactive today announced a net loss of US$1.75 million for the quarter ending June 30, despite revenues of $6.5 million. Last year, the company took a loss $4.4 million during the same period.

The earnings report comes just one day after Sega announced that 3Dfx's Voodoo Graphics chip set had been dropped in favor of NEC's chip set for Sega's new console. Development for software running under Voodoo Graphics on the PC side, however, remains strong.

At press time, 3Dfx's share price had closed up 1 1/8 at 12 1/4.

Spectrum HoloByte Reports LossSpectrum HoloByte today reported an operating loss of $5.4 million for the quarter ending June 30, compared with a loss of $5.8 million for the same period last year.

The company took an additional non-operating charge of $2.6 million to write down its minority interest in the Total Entertainment Network, resulting in a net loss for the first quarter of $8.3 million or $.30 per share, compared to a net loss of $1.5 million or $.07 per share in the first quarter last year.

In a statement issued by the company, CEO Stephen M. Race cited the cyclical nature of the entertainment software business, and pointed out that the company only released one title - Star Trek Generations - during the quarter, for which initial orders were lower than expected.

X-COM: Apocalypse, part three of the popular X-COM series, has just been released. Falcon 4.0 and MechWarrior III are anticipated this winter.

Electronic Arts Numbers Are UpEA yesterday reported larger than expected quarterly earnings. Revenues increased by 46 percent to $117.8 million from $80.6 million for the same period last year.

The company said net income for the quarter ending June 30 jumped to $1.48 million, or $.03 a share, from $35,000 the same quarter a year ago. Analysts had expected EA to earn $.01 cent per share. EA released 12 new titles for the PC, PlayStation, and Saturn during the quarter, which ended June 30.

In a statement issued yesterday, EA said that revenues increased significantly in the North America, Europe, and South Asia Pacific regions, but decreased in Japan, due in part to the company having released fewer key PlayStation titles in that market.

EA said that the South Asia Pacific region doubled primarily because of continuing growth in PC sales and strong demand for affiliated label products. Overall, international revenues increased 54 percent for the quarter.

Activision Reports Quarterly LossActivision reported a $5.1 million loss for the company's first fiscal quarter, due mainly to the fact that the company shipped only one title - Twinsen's Odyssey - during the period.

The company reported net revenues for the first quarter ending June 30, 1997, of $8,053,000, compared to net revenues of $7,021,000 reported for the same quarter last year. Net loss for the first fiscal quarter was $5,088,000 or $0.36 per share, compared with a net loss of $2,631,000 or $0.19 per share reported for the same period last year.

In a statement issued today by Activision, Chairman and CEO Bobby Kotick said that the results were not unexpected, and expressed optimism in the strength of the company's upcoming releases.

Activision expects to release about ten new titles for PC and PlayStation over the next several months, including the highly anticipated Quake II.

Egghead Reports Smaller LossEgghead, Inc. today reported a $3.7 first quarter loss, down from the $12.4 million loss reported for the same period last year. Revenue reflects the previously announced fourth quarter closure of 70 stores. Sales at the remaining 86 stores increased 1.3 percent over the same period last year.