Electronic Arts (ERTS)

Electronic Arts said Monday it posted a fiscal second quarter net loss of $391 million, or $1.21 a share, 26 percent higher than the loss from a year earlier. Net sales fell 12 percent to $788 million in the July-September period. The gaming company also said it's laying off 1,500 employees, or about 17 percent, to focus on games that have higher profit margins.
But sales including deferred revenue from online games grew 2 percent to $1.15 billion, inching past Wall Street's expectations.

Nov 9 · 7:11:00 PM · Source: Company News
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by Larry Etter