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Profit Slumps at Electronic Arts
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Updated from 5:01 p.m. EST
The transition to a new generation of video-game technology is proving tough for industry leader Electronic Arts (ERTS Quote).
The video-game software publisher on Thursday reported that earnings slumped in the holiday quarter, coming in below analysts' already lowered expectations.
Meanwhile, the company predicted more rocky times ahead, giving a current-quarter forecast significantly below the Street's estimates. ...
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