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EA's Net Up on Strong Game Sales

Stock quotes in this article: ERTS , ATVI , TTWO  

Updated from 04:29 PM EDT

SAN FRANCISCO -- Video-games publisher Electronic Arts(ERTS Quote) blew past analysts' estimates for the fourth quarter but shares fell after the company said it expects profits in the first half of the current fiscal will be lower than Street expectations.

Electronic Arts reported a net loss of $94 million, or 30 cents a share, in the quarter vs. a loss of $25 million, or 8 cents a share, the same quarter a year ago due to acquisition related charges.

Excluding charges, EA reported net income of $30 million, or 9 cents a share, compared with $19 million, or 6 cents a share, a year ago. ...

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