EmptyEA RESULTS MIXED
Video game giant Electronic Arts reported a larger-than-expected fiscal second-quarter loss Tuesday. The loss of $95 million narrowed, though, from the year-ago loss of $132 million. Revenue rose to $804 million from $395 million a year ago thanks to new games and a deferred revenue benefit.
MSLO POSTS NICE Q2
Martha Stewart Living Omnimedia reported a higher-than-expected second-quarter profit Tuesday but said advertising sales could be under pressure during the second half of the year. The firm swung to a $328,000 profit from a year-ago loss of $6.7 million. Revenue rose 5% to $77.1 million.
PICKENS DROPS YAHOO
Billionaire investor and oil guru T. Boone Pickens has dumped 10 million shares of Yahoo that he bought in May when his friend Carl Icahn was locked into a proxy battle with the current board. Pickens told the San Francisco Chronicle that he sold the stake after it became apparent that the Web firm would not be acquired by Microsoft anytime soon. He also blasted Yahoo management as "pathetic" for the way it handled merger talks with Microsoft.
ROGERS SEES PROFIT RISE
Rogers Communications, Canada's biggest mobile phone and cable TV provider, posted a second-quarter profit of CAN$301 million ($294.5 million) on Tuesday, compared with a year-ago loss of CAN$56 million when it took a CAN$452 million charge for stock option changes. Revenue rose 12% to CAN$2.8 billion ($2.74 billion), driven by wireless phone gains.