Electronic Arts Warns on Profit

Electronic Arts (ERTS Quote) again cut its forecast for fiscal 2009, saying Tuesday that lower-than-expected sales in North America and Europe have dampened its outlook further.

In October, the video-games maker projected earnings for 2009 of $1 to $1.40 a share, which was down from its earlier range of $1.30 to $1.70. EA didn't provide a specific forecast, but said in a press release that its revenue and earnings would be below the guidance it gave around five weeks ago.

EA said it doesn't expect to provide updated estimates for the fiscal year before reporting its third-quarter results in February. On average, analysts surveyed by Thomson Reuters are expecting a profit of $1.16 for the year. ...