Electronic Arts Posts Loss, Citing a Revamp
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The video game maker largely met Wall Streetâs forecasts, despite posting a quarterly loss because of reorganization charges and deferred revenue.
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In a Feb. 1 story about Electronic Arts Inc.'s earnings, The Associated Press reported erroneously that third-quarter sales had dropped 38 percent. It was profits that dropped by that margin.
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It appears that after more than a year of gobsmacking miscalculations, missteps and plain old mistakes, Sonyâs game group is possibly getting its act back together.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Electronic Arts is back in the game it never left.
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The specialty retailer reports widening losses, but better times lay ahead.
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Electronic Data Systems Corp. finally settled a dispute with outside auditors and reported a third-quarter loss of $153 million due to the write-down of a huge contract to build a computer network for the Navy.
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Electronic Arts swung to a loss because of restructuring charges and deferred revenue, but posted record revenue during the most brisk holiday season the video game industry has seen.
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Shares of electronics retailer Circuit City Stores lost nearly a quarter of their value Friday morning as investors reacted to a wider-than-expected loss.
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Electronic Arts seems to be stuck in another time and place.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Top video game publisher  Electronic Arts Inc  lowered its profit forecast on  Thursday as it delayed "Mercenaries 2" and a new "Battlefield"  title, sending its shares down 6 percent.
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France's cash-strapped Infogrames   IFOE.PA unveiled a restructuring plan on Tuesday aimed at   wiping out its 173.2 million euros ($220.4 million) net debt   burden and staying in the video games business.
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NEW YORK -- An income tax benefit narrowed Computer Associates International Inc&#39;s loss dramatically in the second quarter. The company reported Wednesday a net loss of $96 million, or 16 cents per share, but
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Video game publisher Electronic  Arts Inc  gave an outlook that was below market  expectations on Thursday as it delayed two new titles, sending  its shares down 6 percent in after hours trading.
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Circuit City Stores Inc. , on Friday reported a smaller quarterly loss as it kept a tight rein on expenses and demand increased for digital televisions, notebook computers and other popular products.
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No. 1 video game maker Electronic  Arts Inc ERTS.O on Tuesday reported higher quarterly profits  on strong demand for titles like Madden NFL 2005, but its stock  price fell after a holiday forecast fell short of Wall Street  expectations.