Video game publisher Electronic Arts ( ERTS) met analysts' expectations for the third quarter and guided in line with Wall Street estimates. The company reported a net loss of $33 million, or 10 cents a share, compared with net income of $160 million, or 50 cents a share, a year ago. Excluding charges, it posted net income of $290 million, or 90 cents a share, compared with an income of $201 million, or 63 cents a share, a year ago. Analysts were expecting earnings of 90 cents. Revenue rose 17% to $1.50 billion compared with $1.28 billion a year ago. Starting fiscal 2008, EA said it will not charge any longer for its service related to certain online-enabled packaged games. As a result, the company will recognize revenue from the sale of these games over the estimated service period, which resulted in a $231 million increase in deferred revenue in the previous quarter. Analysts polled by Thomson Financial were expecting revenue of $1.73 billion, excluding revenue related to packaged games. Shares of Electronic Arts were down $1.37, or 2.9%, to $46 in recent extended trading. Sales were driven by games such as Need for Speed: Pro Street, FIFA 08, Rock Band, The Simpsons Game, Madden NFL 08, The Sims 2 Castaway, and NBA LIVE 08. For the fourth quarter, the company guided revenue in the range of $925 million and $1.05 billion. Excluding charges, the company expects to EPS to range from a loss of 3 cents a share to earnings of 2 cents a share. Net revenue, excluding the impact of the change in deferred net revenue from packaged games and digital content, is expected to be between $775 and $850 million. Excluding those charges, analysts were expecting revenue of $837.3 million. For the fiscal year, EA guided revenue in the range of $3.462 billion and $3.587 billion, compared to its earlier guidance of $3.35 billion to $3.65 billion. Net revenue, excluding the impact of the change in deferred net revenue from packaged games and digital content, is expected to be between $3.875 billion and $3.95 billion. By contrast, its earlier guidance ranged between $3.8 billion and $4 billion. Analysts are expecting revenue, excluding those items, of $3.89 billion. EA tightened its EPS guidance to range from 93 cents to 98 cents a share, compared with its earlier forecast of 85 cents to 1.15 cents a share. Analysts estimated EPS for the fiscal year at $1.11 a share.