Summary Box: EA 2Q loss expands; raises forecast

0
18

THE RESULTS: Video game maker Electronic Arts Inc. said Thursday that its second-quarter loss expanded from a year ago due to cost increases in marketing, research and development, even as revenue grew.

LOOKING AHEAD: EA raised its sales forecast for the all-important holiday season slightly above analyst estimates. The company says sales of “Battlefield 3,” which launched two days earlier, were very strong.

BEATING STREET: Excluding stock compensation costs, acquisition expenses and other costs, adjusted earnings came to 5 cents per share, beating the adjusted loss of 4 cents per share expected by analysts polled by FactSet.