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Electronic Arts, Inc (ERTS) > Articles

Electronic Arts, Inc (ERTS)
EA cuts outlook on weak holiday sales

Reuters - December 9, 2008

Submitted by apujanata (4) at 3:06PM PST on December 9, 2008

EA warned that its fiscal 2009 profit and revenue will fall short of already-low forecasts due to disappointing holiday sales of its video games in North America and Europe. Share price down 10 %. EA had already slashed its fiscal 2009 estimates in late October, blaming slowing demand at retail stores and a delay in the release of its latest "Harry Potter" video game.