http://www.reuters.com/article/idCNN1116443420100111?rpc=44
EA still in deep shit:
SAN FRANCISCO, Jan 11 (Reuters) - Video game publisher Electronic Arts Inc (ERTS.O) slashed its fiscal 2010 outlook, citing weakness in Europe and shifting to lower margin products, and the company's shares fell 7 percent in after-hours trading.
EA forecast on Monday earnings excluding items for the year ending March 31 of 40 cents to 55 cents a share on non-GAAP revenue of $4.125 billion to $4.2 billion.
It previously forecast earnings of 70 cents to $1 a share on revenue of $4.2 billion to $4.4 billion.
For the quarter closed Dec. 31, EA expects earnings excluding items of 29 cents to 33 cents a share on non-GAAP revenue of $1.33 billion to $1.35 billion.
The shares of Redwood City, California-based EA closed at $18.27 on the Nasdaq and fell to $16.99 in extended trading. (Reporting by Gabriel Madway; editing by Andre Grenon)
My Mario Kart Wii friend code: 2707-1866-0957
