EA posts wider quarterly loss
EmptySAN FRANCISCO -- Electronic Arts Inc., the world's biggest video game publisher, posted a larger quarterly loss on Wednesday but sales were better than expected due to its latest "Harry Potter" title.
Net loss for EA's fiscal first quarter ended June 30 was $132 million, or 42 cents per share, compared with a loss of $81 million, or 26 cents per share, a year earlier.
Excluding special items such as stock-based compensation, EA said it lost $69 million, or 22 cents per share.
It was not immediately clear if that was comparable to the loss of 34 cents, excluding items, that was the average Wall Street forecast on Reuters Estimates.
Revenue was $395 million, down 4% from $413 million a year earlier but higher than the $384.9 million expected by analysts.
Shares in EA, whose key franchises include "Madden NFL," "The Sims" and "Harry Potter," fell 1.5% in extended trading after the report to $47.37. The stock has risen nearly 4% over the past year but has lagged those of rivals such as Activision Inc. and Take-Two Interactive Software Inc.