SAN FRANCISCO -- Video-games publisher
narrowed its loss for the first fiscal quarter of 2009 but missed analyst expectations.
The company reported a net loss of $95 million, or a loss of 30 cents a share in the quarter vs. a loss of $132 million, or 40 cents a share, a year ago.
Excluding charges, EA reported net loss of $135 million, or a loss of 42 cents a share, compared with a loss of $69 million, or a loss of 22 cents a share, a year ago.
Revenue for the quarter rose 41% to $609 million from $431 million a year ago.
Analysts polled by
were expecting a loss of 34 cents a share on revenue of $639.8 million.
Sales were driven by the launches of
Battlefield: Bad Company
UEFA EURO 2008
and continued strength of its game
launched in partnership with Harmonix and
(VIA - Get Report)
MTV Networks, said EA. The
Battlefield Bad Company
game sold 1.6 million copies.
Including all charges, EA reported revenue of $804 million, up from $395 million the year before. During the quarter, EA had a net benefit of $231 million related to the recognition of deferred revenue for some online enabled games.
Shares of EA were down $1.54, or 3.2%, to $45.86 in recent extended trading.
For the fiscal year, EA said it expects revenue to range between $5 billion and $5.3 billion Earnings, excluding items, is expected to range between $1.30 a share and $1.70 a share. Analysts are expecting earnings of $1.59 a share on revenue of $5.15 billion.