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EA posts smaller loss as revenue more than doubles

Video game publisher Electronic Arts Inc. posted a smaller loss for its fiscal first quarter Tuesday and more than doubled its revenue thanks to soaring sales of games such as Rock Band, which EA distributes for Viacom Inc., even as the company spent more on marketing and development.

But both the earnings and revenue figures fell short of analyst estimates, and EA shares dropped in extended trading.EA's loss for the quarter that ended June 30 was $95 million, or 30 cents a share, compared with a loss of $132 million, or 42 cents, a year earlier.

On an adjusted basis, the Redwood City, Calif., company lost 42 cents a share, more than the 33 cents analysts expected.

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morganfell3427d ago

They can thank Sony for that. And of course, they will in a way that will make PS3 owners very very happy.

Dzpool3427d ago

Thank Grand theft Auto 4 and Battlefield Bad Company for that and that they have made alot of profit of Mobile Games

THWIP3427d ago

...must think EA finally struck a deal with T2.

That, or he's just a clueless dork. :o

Dzpool3426d ago

sorry about that guys just jumped the gun alittle on the purchase my mistake

Bill Gates3427d ago

That's what PlayStation Nation does to a company that purposely ports bad games to a console all because the company of the other console is cutting them a check to do so.

AHAHHAHHAHAHAHHAA

I f*cking hope EA sinks to the depths of the earth along side M$.....AHHAHAHAHHAHA