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Electronic Arts posts smaller loss, outlook poor

Mon, 02/08/2010 - 12:01pm
The Associated Press

Electronic Arts Inc. is showing a smaller net loss in its last quarter even though its video game sales declined.

On an adjusted basis, the publisher of games like "Madden" earned a profit slightly above analysts' muted expectations. But the company's profit and revenue forecasts were below expectations and EA shares slipped in after-hours trading Monday.

Electronic Arts posted a net loss of $82 milllion, 20 cents per share, for the October-December period. In the same period a year earlier it lost $641 million, $2 per share.

Revenue fell 25 percent to $1.24 billion.

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