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EA slashes Q3 losses but reduces full-year outlook

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EA has drastically reduced losses in its third quarter, reduced deficit from $641 million to $82 million year-over-year.

Net revenue for the quarter was down to $1.243 billion from $1.654 billion in the prior year, a drop of 25 percent.

Full-year estimates are well down on analysts approximations. EA is now expecting 50-70 cents a share for the 12 months ending March 2010, with non-GAAP revenue between $3.65 billion and $3.9 billion.

Analysts, according to concensus, were expecting earnings of 74 cents a share on revenue of $4.07 billion for the period.

EA shares have taken a 9 percent hit in US after hours trading as a result of the adjusted guidance.

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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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