Electronic Arts(ERTS Quote) lowered its estimates for the fiscal year ending March 31, primarily because of lower-than-expected sales in North America and Europe.
The company's stock fell to $58.35 in late trading; it closed the regular session at $66.35. Other video-game software makers, such as Activision(ATVI Quote), Take-Two Interactive(TTWO Quote) and THQ(THQI Quote), slipped in sympathy.
EA said after the bell Monday that it now expects revenue of $3.1 billion to $3.125 billion with earnings of $1.62 to $1.64 a share, and earnings before items of $1.70 and $1.72 a share.
The company had previously expected revenue of $3.275 billion to $3.325 billion and earnings of $1.82 to $1.87 a share and earnings before items of $1.90 to $1.95. ...
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