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Submitted by Gekko 997d ago | news

Video game makers expected to post losses

The video game industry is riding low expectations in the wake of last week's disappointing earnings and slashed guidance from Zynga (ZNGA -3.65%) and a wider-than expected net loss from Nintendo (NTDOY -0.07%).

Other video game makers are scheduled to report earnings this week, and analysts on average expect to see net losses and declining sales from Electronic Arts (EA -0.80%), Take-Two Interactive (TTWO -2.85%) and THQ (THQI +0.59%). Only Activision Blizzard (ATVI 0.00%) is catching a break, with stronger sales expected to have buoyed its profit. (Activision Blizzard Inc., EA, Industry, Nintendo, Take-Two, THQ, Zynga)

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