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Electronic Arts, Inc (ERTS)
Electronic Arts Posts Larger Loss, Cuts Jobs
Electronic Arts Posts Larger Loss, Cuts Jobs
AP - October 30, 2008
Submitted by zukaus (4) at 2:24PM PST on October 30, 2008
Video game publisher Electronic Arts Inc. posted a wider quarterly net loss Thursday and said it is laying off about 6 percent of its work force to cut costs as it heads into the most lucrative season for the games industry.
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1Animate posted on Electronic Arts, Inc (ERTS) at 2:37PM PST on October 30, 2008. RE: Electronic Arts Posts Larger Loss, Cuts Jobsbids
2kspraydad posted on Electronic Arts, Inc (ERTS) at 2:27PM PST on October 30, 2008. RE: Electronic Arts Posts Larger Loss, Cuts Jobs@zukaus,
Also:
Chief Financial Officer Eric Brown said the company remains "cautiously optimistic" about the holidays. EA, like other video game companies, makes the bulk of its money in November and December.
"We have heard that retailer foot traffic is down in general, which is a negative," he said in an interview. "But we also know that retailers are increasing their shelf space (for video games ahead of the holidays)."[ Oracle ] [ Level 21 ] [ Rank: 475 ]bids
18zukaus posted on Electronic Arts, Inc (ERTS) at 2:24PM PST on October 30, 2008. Article: Electronic Arts Posts Larger Loss, Cuts Jobs
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