Game company Electronic Arts posts 1Q profit

Aug 03, 2010

(AP) -- Video game publisher Electronic Arts said Tuesday that it earned a net income in the latest quarter, reversing a loss a year earlier as revenue grew sharply.

Electronic Arts Inc. said Tuesday its totaled $96 million, or 29 cents per share in its fiscal first quarter, which ended in June. In the same period last year EA's net loss was $234 million, or 72 cents per share.

The company behind "Madden" and "The Sims" said net revenue rose 27 percent to $815 million from $644 million.

EA's adjusted results easily surpassed Wall Street's expectations. These exclude special items and account for deferred revenue from games with online components.

EA, which is based in Redwood City, Calif., is also affirming its guidance for the full .

Shares of the company rose 75 cents, or 4.6 percent, to $16.93 in extended trading Tuesday after the release of results. In regular trading earlier, shares fell 32 cents, or 1.9 percent, to close at $16.18.

Explore further: Oregon sues Oracle over failed health care website

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Game sales strong for EA but outlook hurts shares

May 11, 2010

(AP) -- Video game publisher Electronic Arts Inc. said Tuesday that strong sales of games such as "Battlefield: Bad Company" and "Mass Effect 2" gave the company a quarterly profit above expectations. But its outlook fell ...

EA 1Q loss widens but results surpass expectations

Aug 04, 2009

(AP) -- Lower revenue from packaged video games amid a seasonal slump for the industry gave Electronic Arts Inc. a larger net loss in its fiscal first quarter. But investors cheered as its adjusted results ...

Electronic Arts lowers 2010 guidance as sales weak

Jan 11, 2010

(AP) -- Video game publisher Electronic Arts Inc. cut its full-year guidance on Monday, as ongoing weakness in its game disc sales didn't ease up over the holidays as the company had hoped.

EA posts smaller 4Q loss as costs decline

May 05, 2009

(AP) -- Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.

TI 2Q revenue rises 42 pct as demand roars back

Jul 19, 2010

(AP) -- Texas Instruments Inc.' second-quarter income and revenue jumped as demand continued to recover after the recession. The company predicted even better results in the new quarter.

Activision 1Q profit up, shoots past expectations

May 06, 2010

(AP) -- Continued strong sales of "Call of Duty" and a steady stream of revenue from "World of Warcraft" subscribers helped double Activision Blizzard Inc.'s first-quarter net income.

Recommended for you

Oregon sues Oracle over failed health care website

2 hours ago

Oregon Attorney General Ellen Rosenblum says she's filed a lawsuit against Oracle Corp. and several of its executives over the technology company's role in the state's troubled health insurance exchange.

Google buys product design firm Gecko

2 hours ago

Google on Friday confirmed that it bought Gecko Design to bolster its lab devoted to technology-advancing projects such as self-driving cars and Internet-linked Glass eyewear.

Ticketfly buying WillCall for on-premise data

Aug 21, 2014

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

User comments : 0