PS2 News: EA Posts More Losses - PS2 News

Members Login: Register | Why sign up? | Forgot Password?

EA Posts More Losses

According to a report by Reuters, EA, like many other publishers struggling in the transition to the "next gen" of consoles, posted significant losses this quarter.

The report states that EA "...had a fiscal first-quarter net loss of $81 million, or 26 cents, compared with a net loss of $58 million, or 19 cents, in the year-earlier quarter ended June 30. Excluding items, EA's per-share loss in the most recent quarter was 12 cents."

The loss of 26 cents a share loss was slightly more than the 24 cents a share that most analysts felt the company would drop. It has been a rough year for EA stockholders as the stock has lost approximately 20 percent of its value over the last calendar year.

8/2/2006 Aaron Thomas

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results