EA Narrows Loss, Gives Weak Outlook [Voices]
By Ben Charny, Reporter, The Wall Street Journal Electronic Arts Inc.’s (ERTS) loss narrowed in the holiday quarter from a year-ago period that was weighed down by charges. But the videogame publisher issued a weak outlook for the current quarter, sending its shares tumbling 10% after hours. In a sign that aggressive cost-cutting and layoffs haven’t ended the company’s slump, EA forecast fiscal fourth-quarter earnings at about half of what Wall Street expected despite the launch of several big-name titles in the period ending March 31.
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EA Narrows Loss, Gives Weak Outlook [Voices]
