EA posts $95 million loss for Q1 09

By Patrick Garratt
30 July 2008 05:25 GMT

EA has posted a $95 million for the quarter ending June 30, shy of the expected $111 million, and a trimmed figure compared to the $132 million loss of the same period a year earlier.

Net revenue more than doubled to $804 million from $395 million a year ago, though the latest quarter included a $231 million boost due to deferred revenue, EA said in a statement.

Excluding deferred revenue and other items, EA’s revenue of $609 million fell far short of the average Wall Street target of $640.4 million for the period.

More here.

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