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Electronic Arts Tops Estimates
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Updated from 5:05 p.m. EDT
SAN FRANCISCO -- Video-game publisher Electronic Arts(ERTS Quote) beat Wall Street's earnings estimates for the second quarter and guided in line with analyst expectations for the holiday season.
The company swung to a loss of $195 million for the quarter, compared to net income of $22 million a year earlier, because of an accounting change in the way it recognizes revenue from its online packaged games business
Excluding charges, the company earned 27 cents a share. Analysts polled by Thomson Financial were expecting earnings of 20 cents a share. ...
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