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Electronic Arts (ERTS)

Stock (Toys & Games Industry, Video Games Industry, Multimedia & Graphics Software Industry)

EA announces lower profit expectations EA announces that expectations for FY 2009 are lower than street expections CFO leaves company the CFO leaves the company in the midst of a potential acquisition, the market does not react favorably. EA initiates bid for TTWO EA extends its first bid for competitor TTWO @ 25.74 a share Shares fall on 4Q '07 earnings Electronic Arts released its 4Q '07 earnings results on January 31, 2008. The company reported a $33 million net loss on the quarter, dropping earnings per share down to ($0.10) from $0.50 a year before. Chicago Studio Closed Electronic Arts announced that it closed its Chicago studio on November 6, 2007. The company is working to restructure itself in order to be better positioned in the future. The process has been quite painful for ERTS stock prices recently. Electronic Arts reports a wider quarter loss and l Electronic Arts reports a wider quarter loss and lower sales. Rumors of an agreement with The9 to distribute Ele Electronic Arts takes $105 Million stake in South Electronic Arts takes $105 Million stake in South Korea's Neowiz to develop online versions of its console and PC games.

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