Electronic Arts Expects to Miss Profit Estimates
From Reuters
Top video game maker Electronic Arts Inc. said quarterly profit and revenue would be “well below” earlier estimates because of lackluster holiday sales. Its shares fell 2%.
Redwood City, Calif.-based Electronic Arts did not give specific numbers, but the company previously expected a third-quarter profit, excluding some charges, of $1.18 to $1.28 a share on revenue of $1.48 billion to $1.58 billion.
The company’s shares fell 2% in extended trading to $52.02. The stock rose more than 1.6% in regular trading.
