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Game Reset: Electronic Arts Profits Fall
In the gaming world, conservative estimates also mean plummeting shares. And this applies even to the largest independent video game maker. California-based video game developer and publisher Electronic Arts, Inc. (EA) brought down its profit outlook, resulting in a 6 percent share slump for the third quarter. The gaming media giant admits a “mixed” performance for the last fiscal year. Delays in title releases such as “Mercenaries 2: World in Flames”, “Battlefield: Bad Company” caused EA earnings to fall below Wall Street’s predictions. “Spore”, the much-awaited game from SIMS creator Will Wright is expected to hit shelves not before the 2008 fall holidays, later than the expected April-June 2008 release. More »
