NEW YORK - Video game publisher Electronic Arts Inc. posted a smaller net loss for its fiscal first quarter Tuesday and more than doubled its revenue thanks to soaring sales of games such as " Rock Band " — even as it spent more on marketing and development.
Both the earnings and revenue figures fell short of analysts' estimates, however, and EA shares slipped in extended trading. EA said Tuesday its loss for the quarter ended June 30 totaled $95 million, or 30 cents per share, compared with a loss of $132 million, or 42 cents a share, a year earlier.
Full Story: Electronic Arts posts smaller loss, misses targets (AP)
Both the earnings and revenue figures fell short of analysts' estimates, however, and EA shares slipped in extended trading. EA said Tuesday its loss for the quarter ended June 30 totaled $95 million, or 30 cents per share, compared with a loss of $132 million, or 42 cents a share, a year earlier.
Full Story: Electronic Arts posts smaller loss, misses targets (AP)
